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Alexander_Nikitin
Oct 18, 2019 11:09 AM

gbpusd. potential sell. Short

British Pound/U.S. DollarFXCM

Description

A potential unified gartley is setting up.

Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0. 5-0 .6XA
C-point: 0.3-0 .4AB
Entry(limit order): 0.8XA
Stoploss(stop order): 0.9XA
Target(limit order): 2 to 1 RR

Historical performance:
First bar in history: 1999.01.04 07/00/00
Total patterns found: 20
Number of winners: 11
Average winner: 25.0 pips
Probability of win: 55.00%
Average RR: 2.39
R-expectancy: 0.8641

Trade active

Trade closed: target reached

It is important that you do backtest with your own broker yourself and then you trade with the broker that you backtested. Different brokers give different quotes. Thus the results may differ radically. This time I got a win with my broker but on TV it shows a sl: prntscr.com/pm113l

Comment

TV chart is based on FXCM quotes.
Comments
IllyrThrace
The dollar will be great this week. No deal brexit. The pound will crash. Investors got too optimistic with brexit deal
Alexander_Nikitin
@IllyrThrace, inverstors were pushing price higher to get a better price for sell when brexit fails:)
masterforextrader
I definately agree with you on this because the market is being manipulated to the upside to get all the buyers in and then the big drop will occur when everyone least expect it !! I'm already on the sell side :)
Alexander_Nikitin
@masterforextrader, market is always manipulated. it is the essence of market.
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