Hey guys, we banked in over 250 pips earlier on EURJPY off a Shark. Right now, we are watching for a Deep Gartley to reenter long. EP: 121.90 SL: 120.90 TP: 127
The B point of our bearish gartley is extremely deep as a result we got very good risk:reward Its 4hr chart so it may take longer time for completion of pattern & for trade progress also, keep this trade in your radar for a week or so. Lets see how GBPUSD pans out & if all goes fine we are in for great profits with lesser risk, definitely I wont complain Happy Trading !
The advantage of deep gartley's are they offer a very good risk :reward. We can see that XAUUSD offers approx 2.5 (R:R),noted in the chart As Gold gave some very good movements in past weeks, I expect this one to hit targets soon Happy Trading !
Great risk to reward on this trade and another opportunity to get long and see if the market will retrace up to the daily structure at 129.66
As we come mid week, this Gartley pattern is one i will be watching as i will be looking for an alternate entry tomorrow pre- London session. As i would be breaking my rules if i decided to get involved right now. Stops come above structure on this trade. Lets see where the market goes. Good trading Guys
Looks like a deep gartley pattern developing on the EURUSD 4H. The price seems to be headed for AB=CD pattern completion also. Consider a sell upon completion of both patterns with entry points, stops & targets as indicated. Best of luck and have a good week!