Almost text book Gartley Pattern setup. I will wait for monday to possibly create a lower high and maybe an M in London. I will be setting a pending order at the .618 retracement and set an 80 pip stop loss. I will not be taking a huge position in case I am wrong. I do not want to lose all my capital. I will roll my stops IF the market begins to fall in my favor, I will eventually move stops to break even. I will set my TP a little bit before the full D extension in order to not get tricked out. We shall see what the week brings, but I will not be entering this trade until I see a .618 retracement.
Best of Luck
-The Market Vampire
Trade active
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Pending order was triggered with a large Candle to the up side cconfirming a double top set up. I added a bigger position for 18 pips, profited $89.5. Took profits on that, but I kept my smaller position going, I want it to complete the Gartley pattern as originally planned. I will continue adding bigger positions IF I see a perfect opportunity to do so.
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Officially Rolled Stops to Break even. This is now a Risk Free Trade.
Very good chart i dont trade harmonics but was just looking over all GU ideas this one is more likely to be other ones is unrelistic or target to high or to big this one is good. Because its in line with price action what we see now on GU not just because of harmonic good work keep going