Alexander_Nikitin
Short

GBPUSD downtrend continuation + Forex Weekly Forecast Video

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
Hey, traders. Welcome back to another edition of the Forex weekly forecast. Here's the video https://youtu.be/jyZvSDlGdM8
Click like and follow if you find the information useful.
Trade active: The Gartley was completed
hit the SL???
Reply
Gartley formation needs to have 1,272 AB extension. In your case you rely only on 0,78 XA extension. This could be wrong pattern recognition.
Reply
pharaoh1st pharaoh1st
Reply
What you call to be a "Gartley formation" is a specific type of H. Gartley's W-type pattern elaborated by Tradeempowered. Who told you I am trading Tradeempowered rules? There're many other types of this pattern. One of them is called "Perfect Gartley pattern" and it was elaborated by Scott Carney. What you see on the chart is called a "Unified Gatley pattern" and it was elaborated by Mr. Alexander Nikitin. The last type of pattern was designed as a trend following technique and it aims to hit extended targets. To work good this way this type of Gartley is only used in combination with "ACS-based swing identification technique" wich was also elaborated by Mr. Alexander Nikitin. As you can see the pattern here is neither a "Harmonic pattern" of Scott Carney, nor an "Advanced formation" of Tradeempowered. It is something different.
+1 Reply
pharaoh1st Alexander_Nikitin
Nice explanation, thanks!
+1 Reply
you are welcome, mate)
Reply
pharaoh1st Alexander_Nikitin
You didn't have to make video just for me explaining Gartley types ;) (just kidding)
But still I'm appreciate your detailed explanation on this in your youtube channel: https://www.youtube.com/watch?v=VvEFAMledSI
Reply
Another great opportunity to execute short trade on "Cable". I took the trade. Lets see what will happen.
Reply
Yeah. Let's see)
Reply
Could take 6-months to 1 year to complete - right? ;)
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out