Bullish Gartley pattern setup on 4hr Gold chart. Entry level D point at 1.27 ext of AB has already been tested once, however the market has not yet reached the target 1 level so entry is still valid if you are not already involved in the trade.
There is also a double bottom/RSI divergence opportunity setting up at the D point of the Gartley pattern. Targets for the Gartley pattern will depend on the traders style. In this particular trade targets 1,2 &3 offer about a 1:1, 1.75:1 and 3:1 reward to risk respectively.
There is also a double bottom/RSI divergence opportunity setting up at the D point of the Gartley pattern. Targets for the Gartley pattern will depend on the traders style. In this particular trade targets 1,2 &3 offer about a 1:1, 1.75:1 and 3:1 reward to risk respectively.
Trade closed: stop reached