Deep Gartley Setup in Gold

FX:XAUUSD   Gold Spot / U.S. Dollar
220 20
Hello guys,

A deep Gartley Pattern is identified in the chart.
The ratio confluences are shown.

Happy trading.
An update to what is happening, just in case anyone following this:
IvanLabrie DavoodWadi
What makes you think that?
+1 Reply
DavoodWadi IvanLabrie
Here's why I think so Ivan
IvanLabrie DavoodWadi
I see, There's significant support at 1204 if it were to fall, but I don't see it as very likely.
+1 Reply
hi Davood khan
+2 Reply
hi, may i have a question. If i short gold at $1230 and my stop loss set at $1240 and i only can risk $100 per trade, what size should i trade?
+1 Reply
HamedAghajani yongjui.foo
0.1 lot - Bear in mind that 1240 is a tight stop loss, I suggest you to consider above 1249. Hamed
+1 Reply
yongjui.foo HamedAghajani
yup, i set my SL to 1250. i just wonder how to calculate the trading size. thx for advice
+1 Reply
DavoodWadi yongjui.foo
I use two types of stops for trading Harmonic patterns.
The more conservative way is to put your stop above the previous high (which is the X point).
The more aggressive way is to wait for a rejection in the PRZ and put your stop above the turning point. In this case I reenter if I get stopped out and a new rejection from the PRZ occurs.
+2 Reply
hi Mr Wadi

az rahnamayi dishabet tashokor mikonam,mofid bod.
+1 Reply
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