On Friday, i just short the gbpaud, which is at the 78.6%, and also in line with the Gartley pattern.
The drawing of the Risk Reward Ratio, is only an indication, doesn't mean that my stop loss is exactly at that level, i use it for calculating my position size only. but, if it breaks that level, i will close my trade.
Take care
RandR
The drawing of the Risk Reward Ratio, is only an indication, doesn't mean that my stop loss is exactly at that level, i use it for calculating my position size only. but, if it breaks that level, i will close my trade.
Take care
RandR
Note
the resistance seems valid to me, I would increase my position. GOGOGOGO
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.