This pair has been showing bearish signs on a higher time frame so what better opportunity than to hop on the trend on a deep bearish gartley pattern completion at 1.4070's, this area is also just below the previous structure high (1.4100) so this is a trade i will be keeping an eye on.
but shouldnt the c leg touch the .618 retracement before it is valid?
PalmTreeTrading
⋅
I believe it's the Gartley pattern is invalid, The C point doesn't retrace back into another 61.8% retracement from A to B. ;)
JoMarshall
⋅
No it doesn't have to, It just needs to touch the 38.2 retracement and must not touch A. That's the gartley pattern I backtested but of course people trade it differently.
PalmTreeTrading
⋅
Youre right, just as long as it works for you :) Good luck on this one !
JRFreeze
⋅
nice one Jo, I'll hop on board
JoMarshall
⋅
Thanks RJ, got my pending orders in place. Let'e hope the market get's there before reversing