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KarYong
Aug 8, 2014 4:16 AM

USDJPY: Potential Gartley Long

U.S. Dollar/Japanese YenFXCM

Description

Potential long entry
Comments
angrybear168
the daily candle is pretty bullish too
angrybear168
potential gartley on daily
Aqua-Life
Watch out to trade this one akyong; this is not a valid gartley. Look closer at the C point of this pattern that does not meet the requirements.
KarYong
why do you say that the c point does not meet the requirements? I've checked and it seems valid.
Aqua-Life
Where did you check? C must at least touch the 61,8 retracement of AB. Unfortunately a lot of inacurate vague explenations are available on google search.
KarYong
c leg just need a minimum 38.2 retracement only.
Aqua-Life
Well I'm not going to argue about this. I just wanted to give you a heads up about it. Do with it what you want.
KarYong
it's not about arguing, but more of different strictness of the rules only.

for me i am following the rules here: investopedia.com/terms/g/gartley.asp
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