J_Graystone
Short

GBPUSD Bearish Gartley Formation

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
1107 9 27
After predicting further downward movement on this pair for a while, Im still predicting a retest of 3746's - 3750's, we can see that on the daily time frame, we have a bearish Gartley formation completing up at 4598.

Just under that 4600 even handle number which we know this market has respected in the past and with structure looking left, there will be some decent protection for stops.

Good Luck in the markets this week

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Yeah, I'm sure that CD should retrace 78.6 of X, not 88.6 in Gartley. As you can see, price already moved down. Probably not worth waiting for entry anymore with this pattern.
+1 Reply
Depends how you trade Gartleys. For me C cannot violate A and that's it.
Reply
sabidawg J_Graystone
are you still classing this as a valid trade Jason?
Reply
Nice, here is my similar analysis
+1 Reply
Nice. Thanks for sharing Olly
+1 Reply
Looking good!
one questuion if I may: I see AB is like 0.720 of XA and AD is 0.910, Is it still a valid Gartley?
Reply
Hey, nice. I already sold this at 78,6XA
+1 Reply
J_Graystone PRO Alexander_Nikitin
Nice
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