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leitmotiv
Mar 28, 2017 8:35 AM

USDCAD Bearish opportunity on Gartley Completion Short

U.S. Dollar/Canadian DollarFXCM

Description

Hello traders,

Check out a bearish opportunity at a 4H Gartley completion. I will be looking at a targets at the 382 and 618 retracements. Stoplosses can be anywhere above the X price point.

Good luck in the markets !

- Leitmotiv
Comments
pieroliviermarquis
Why a Gartley? Your B point is a lot closer to 0.786 than 0.618 suggesting a Butterfly. Also, your D point retracement is currently around 0.886.
leitmotiv
@pieroliviermarquis, I do not trade butterfly patterns. According to my rules, as long as my B point is between 618 and 786 its a gartley. This is not my only condition but one of them.

Thanks for input though :) Keep it coming
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