Mates. A gartley pattern is completed as Terminal Price Bar appeared. Wait for it to close and then wait for another bar to close to get the confirmation. I like this potential reversal zone not only because it is tight enough and the levels show strong confluence but also because of 1.27 even number in it. Typically these level act pretty good.
Trade active
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Terminal Price Bar was follow by nice dodji candle. Entered at the top level of PRZ
Trade closed: stop reached
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Closed at stop. Looking for a crab pattern a bit higher
Comments
Swerver
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Had this on my sights earlier, on holidays so not posting, just playing :)
Took this one at the 886, doji right on lvl, no close above, entered next candle
@Slmdmrc, Do you really want my sl and tp? Traditional levels are described in the comment above.
prince125700
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SL and tp?
Alexander_Nikitin
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@prince125700, As usual stop is above X. Conventional targets are 0.382AD and 0.618AD.
Melchizedek
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I usually set my Sell Order below the current channel flag, but since you offered up this tip I am setting it just below the Price to pick up a few more pips during this down trend. Thanks fella!
Took this one at the 886, doji right on lvl, no close above, entered next candle