GBPUSD: Gartley Pattern
This is an opportunity to capture some pips on the GBPUSD in a trend continuation from a potential Gartley Pattern forming. The sterling dollar has been rallying for weeks and is no in a correction as a result of the Brexit agreement before key European summit next week has been reached between the UK and the EU.
When defining the potential reversal zone (PRZ) for a Gartley Pattern:
• B = 61.8% retracement of XA leg.
• C = 38.2-88.6% retracement of AB leg.
• D = 0.786 XA retracement.
• C point within range of 0.382–0.886 retracement.
Note: BC projection must not exceed 1.618.
• Confluence with AB=CD
• Keep your Risk to 1-2% of your investment capital
• Enter at per your trading plan
• Risk to Reward 1:2
When defining the potential reversal zone (PRZ) for a Gartley Pattern:
• B = 61.8% retracement of XA leg.
• C = 38.2-88.6% retracement of AB leg.
• D = 0.786 XA retracement.
• C point within range of 0.382–0.886 retracement.
Note: BC projection must not exceed 1.618.
• Confluence with AB=CD
• Keep your Risk to 1-2% of your investment capital
• Enter at per your trading plan
• Risk to Reward 1:2
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.