Trading Bias: Long
Technical Strategy: Bullish Gartley
Potential Risk/Reward ratio: 1.67/1
Enter as closely as possible to D point. Targets and stop loss shown on the chart.
*This is not an investment advice*
B point is a little bit high (.676 instead of 0.618) so proceed with caution and check PA behavior on the PRZ.
Lots of SL levels to choose from, once D is totally defined.
Numbers looks like:
SL: 0.9450 (aggressive.... .9485 / 0.95 conservative)
TP1: 0.93363 (.236 1.61RR)
TP2: 0.92921 (.382 2.64RR)
TP3: 0.92564 (.500 3.44RR)
A lot of Fibonacci levels converging on the PRZ... Keep an eye on PA as soon as it goes over 0.71913
We need to wait for a totally defined D point, but numbers look like:
SL: 0.724 (aggresive. Couple of pips over 1.414 AB) or 0.7295 (conservative. Couple of pips over X)
TP1: 0.71229 (.236 1.82 RR)
TP2: 0.70760 (.382 2.97 RR)
TP3: 0.70381 (.500 ...
If someone used harmonic pattern in previous briefing, now, may take 3~4% profit.
if you want to read only for 'repeated pattern', go '4.Etc.'.
Let's start the analysis for BTC/USD chart.
If you are busy, you can just read below briefly
'1. Briefing '
'5. Summary and Strategy' and '4. Etc.' either in this briefing.
before read, click '+Thumb up, +Follow' ...
a potential unified gartley is setting up on euraud. this setup idea demonstrates my approach. if you wish to learn more about my approach you are welcome to ask your questions below. if you want to use this idea as a signal to open your own trades then mind your full responsibility for you actions. don't ask me where you should place your targets and stops - ...