DavoodWadi

Deep Gartley Setup in Gold

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
233 views
Hello guys,

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

Happy trading.

Comments

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
Hi Aboozar,

You did a great job pointing out those patterns for EURUSD and XAUUSD.
I would like to see more trendlines in higher and lower time frames on your gold chart to get more convergence Aboozar.
Reply
Ansari DavoodWadi
hi Mr Wadi
thank's
long term chart


short term

my target is 1254-1261
+1 Reply
Great charts Aboozar.
Your target is in match with the guidelines of the corrections, which is the 4th wave of the lesser degree
Reply
Ansari DavoodWadi
EURUSD chart

montly , long term

+1 Reply
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