FX:GBPUSD   British Pound / U.S. Dollar
A potential unified gartley is setting up.
Trade plan: enter long@1.22241with sl @1.21845(39.6 pips) and tp @1.23429(118.8 ‬pips).

Over the past 20 years a pattern with these B-point and C-point ratios appears 37 times on GBPUSD ,30M if the swings are identified with prex(6) algorithm. The best expectancy of 0.7386 of the Risk is acheived if the entry is placed @0.7XA (limit order), stoploss is placed @1.1XA and target is three times greater than risk distance. Historically average RR ratio is 2.39, the probability of win is 51.35%

Comment below if you think it is a good idea to share statistics of a pattern in description. Let me know if I am to do it in future:)
Trade active
Comment: By the way, this pattern is also seen on 1H. Based on 1H history the optimal way of trading it looks this way: http://prntscr.com/oxpslv
Trade closed: target reached: 1H trade recommendation worked extremely well:) Let's see if the 30M trade recommendation works as good:)
Here's the screenshot of the chart: http://prntscr.com/oy2hfs
Comment: Guys, sorry for misguiding you. Target should NOT be 3 times greater than risk distance but 2 times only. It was GBPAUD target that should be 3 times greater than the risk distance. Here's the screenshot from my backtest file: http://prntscr.com/oy64ru
Here's the chart with trade levels for GBPUSD, 30M: http://prntscr.com/oy65nb
Trade closed: target reached
Comment: Guys, Just double checked my files. GBPAUD also has target 2 times greater than risk. Here's the statistics file: http://prntscr.com/oy69i6
This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

Join my free trading channel: https://t.me/mpstrade

My YouTube channel: https://www.youtube.com/user/alexniquitos/
thank you for statistics. yes, keep up the work
@nuaozrbn, will do:)
Very good ADVANCED pattern on USDJPY as well
Watch out above 1.236. There are some gnarly sell orders packed in there
@CarnellTate, exit at 1.234:)
Hello, very nice analysis
What do you think about AUDCAD ?
@pimfx, Don't have patterns there
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