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McQuant
Feb 28, 2014 7:06 PM

Bearish Gartley etc. Short

British Pound/U.S. DollarFXCM

Description

Bearish "pinkish" Gartley pattern has been completed. So after an initial PRZ retest I do expect some opposite bearish pattern could be emerged. So if D point (1.67680) holds on retest I'm going short with first TP at point 38.2 retracement (1.6621) and possible further down to 1.63583 which would form perfect Bullish bat then.
Comments
trader888
even though the gartley worked out i think the risk that it carried with where your stop would have to be would not justify the reward. I like the bullish bat .
afzal.qureshi.75
yes strong finding
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