leszekstanislaw
Long

USDCHF H1 - Big Mr Gartley, broken wings but still tradeable

FX:USDCHF   U.S. Dollar / Swiss Franc
When C point is not reaching 61.8% of BC             I used to say it is broken wing pattern. And then I trade such Gartley like Bat - from 88.6% of XA. That's my idea - don't know if valid or not.
Anyway - what we have here is:
  • Gartley , technically 78.6 should be traded, as it is between 1.27 and 1.618 of BA
  • AB=CD - 100% (or potentially 127% - stop loss reflects this)
Profit target only one, 1.67 ratio, just below last struuctures (but still above .618 of CD)
Uuuuuf, that's it. Time to go bed :)
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