GBPUSD (Gartley Pattern) -1h Chart
Confirmations for Gartley Pattern
- A-B must touch 0.618 but cannot touch 0.786
- B-C must touch 0.236 but cannot exceed A
- D completion at 1.272 (Trend Extension) or 0.786 from normal measurement
- take profits at 0.382 and 0.618 (Fibonacci from A-D)
Good Trading
- A-B must touch 0.618 but cannot touch 0.786
- B-C must touch 0.236 but cannot exceed A
- D completion at 1.272 (Trend Extension) or 0.786 from normal measurement
- take profits at 0.382 and 0.618 (Fibonacci from A-D)
Good Trading
Note
Perfect resistance at topGood Trading. -1h Chart
Note
I believe price is about to finally move from resistance and reach first TPI used Trend-Based Fib Extension to measure retracements and get that major retracement at 0.786, price made a double top at that area and is now reacting
Good Trading. -15min Chart
Note
First TP has been reached We can expect bearish continuation
Good Trading. -15min Chart
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Related publications
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.