Potential bearish GBPUSD gartley pattern
As shown in the chart, a potential bearish gartley pattern is forming. The D point is also inside of the resistance structure.
E: 1.3290
SL: 1.3345
TP1: 1.3202
The SL is a little high by using exact Gartley pattern rule. The risk/reward ratio is only 1.56. So if you know how to read candle to find better way to enter around the D point, such as inside bar trading, you may get smaller SL and better ratio.
E: 1.3290
SL: 1.3345
TP1: 1.3202
The SL is a little high by using exact Gartley pattern rule. The risk/reward ratio is only 1.56. So if you know how to read candle to find better way to enter around the D point, such as inside bar trading, you may get smaller SL and better ratio.