SmartTradingFX
Short

GBPJPY: Potential Bearish Gartley

FX:GBPJPY   British Pound/Japanese Yen
330 8 14
Potential bearish Gartley!

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Ric

Smart Trading FX
Norsefx
10 months ago
also a bat pattern if you use the last spike high.
+1 Reply
SmartTradingFX Norsefx
10 months ago
Nice! The reason I didn't post a Bat pattern is because I'm still testing them on this pair! Thanks for the comment!
Reply
Norsefx SmartTradingFX
10 months ago
If you trade it as a gartley and use your X as stop, you could be spiked out, and if you trade the bat, you could miss the trade if it only fills the gartley :p These types of scenarios happen from time to time.
Reply
SmartTradingFX Norsefx
10 months ago
All the time bud! I prefer the Bat as it does offer better risk reward! But as I said I'm unable to trade them at the moment until my back testing has been done and the result is positive for this particular pair!
Reply
bekkerm
10 months ago
If treated as a bat it would provide a better risk/reward ratio. Stops would have to go beyond the spike to be safe if one would decide to do so.
+1 Reply
SmartTradingFX bekkerm
10 months ago
Nice! That's correct it would offer a better risk reward! The reason I didn't post a Bat is beacuse I'm still testing them on this pair! Thanks for the comment!
Reply
PateSkpate
10 months ago
Keep up the good work Rick!
+1 Reply
SmartTradingFX PateSkpate
10 months ago
Thanks for your kind words Kenny! You too! Ric
Reply
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