FxCanli
Long

GBPUSD / 1 HOUR / GARTLEY PATTERN / LONG

FX:GBPUSD   British Pound/U.S. Dollar
146 0 4
9 months ago

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Here is a Gartley Pattern GBPUSD            

Gartley PATTERN

PAIR: GBPUSD            

TIME-FRAME: 1HR

TRADE: GARTLEY PATTERN

Waiting for a Long opportunity on the
GBPUSD             1 Hour time frame.



Gartley PATTERN ;

Once you identify your anchor leg draw your fib retracement from your X leg to your A leg.
Your B leg should touch the .618 retracement but should not close below the .786.
Now that you have your B leg draw a fib retracment from A to B.
Your C leg should touch the 0.618 but should not close above the A.
Finally draw a fib extension from A to B and back in.
Your D leg should come in at the 1.272.
For the Gartlye Pattern, draw your targets from A to D.
Your targets should be at the .382 and the .618.
At here I put my stops at least 1:1 with first target.
Also, once you hit target 1, roll your stops to break even.
Once you do that you are in a risk free trade. That's all there is to it.


DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques,
you should do your own due diligence and not take this information as a trade signal.
9 months ago
Comment: First target hit, Close half Lot size
move Stop to breakeven
9 months ago
Comment: Hits Second target also, Nice Trade :)
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