Potential bearish GBPUSD gartley pattern
As shown in the chart, a potential bearish gartley pattern is forming. The D point is also inside of the resistance structure.
E: 1.3290
SL: 1.3345
TP1: 1.3202
The SL is a little high by using exact Gartley pattern rule. The risk/reward ratio is only 1.56. So if you know how to read candle to find better way to enter around the D point, such as inside bar trading, you may get smaller SL and better ratio.
E: 1.3290
SL: 1.3345
TP1: 1.3202
The SL is a little high by using exact Gartley pattern rule. The risk/reward ratio is only 1.56. So if you know how to read candle to find better way to enter around the D point, such as inside bar trading, you may get smaller SL and better ratio.
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.