USDJPY short with gartley

FX:USDJPY   U.S. Dollar / Japanese Yen
Hey, mates. Gartley pattern just completed. Entry is blueline,. stop is red line and target is green line. Watch the explanations below the description (it is called "sample video")
Thank you very much for your help today, I actually placed my stop at 105.000 with a TP at 104.290. Thank you for your analysis and words of wisdom. Have a great day my friend.
I think B goes too deep for a Gartley. Maybe a butterfly later?
B-point should at least touch 0.618XA and not touch 0.786XA. Here we have 0.705. This ratio lays within the gartley range. So the completion is 1.272AB
+1 Reply
purpurato59 Alexander_Nikitin
I understand Gartley completes at 0,786 XA and we past that point already.
It depends on personal rules. 1.272AB gives better risk to reward. No matter what is the completion point, gartley is valid if price didn't hit X (some traders). On my chart it is 0.903XA. Once entered the trade is held until price hits tp or stoploss:)
Alexander_Nikitin Alexander_Nikitin
some traders don't want price to close beyond X:))
vdot_1004_2 purpurato59
i said same. reason i did not short. good catch that played today
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out