Short on Bearish Gartley Short

British Pound/U.S. DollarFXCM

Description

⋅ Jul 15, 2015 2:37 AM

I have sell entries at the expected completion of this bearish gartley ,The D area also the resistance area based on the prev structure on left. I have two entries which ever hits first i take it.

Entries,sl,tp on chart

USD (US Dollar)

Comments

IvanLabrie

⋅ Jul 26, 2015 1:49 PM

C point retest almost done. Wonder if it'll be hit, it's possible.

GcNaif

⋅ Jul 21, 2015 1:15 AM

Update: 7/20 TP1 got hit today

GcNaif

⋅ Jul 15, 2015 2:28 PM

both the entries got hit

IvanLabrie

⋅ Jul 15, 2015 2:28 PM

I'll give it a shot.

stacybean

⋅ Jul 15, 2015 3:11 AM

Hi Gc, I'm new to trading patterns, did the BC leg come down far enough to make it valid Gartley?

GcNaif

⋅ Jul 15, 2015 3:19 AM

no worries stacy, yea it can be between 0.38-0.88 of AB

stacybean

⋅ Jul 15, 2015 3:35 AM

cheers

IvanLabrie

⋅ Jul 15, 2015 2:52 AM

Looks great.

I was considering going short soon, waiting for CCI to hit +100.

If we fail to move past the orange line in my chart in 10 bars, GBP will be in serious trouble.

GcNaif

⋅ Jul 15, 2015 2:54 AM

nice charts Ivan, lets see , these days gbp is giving surprises

IvanLabrie

⋅ Jul 15, 2015 2:56 AM

Yeah, only willing to risk a small amount.