What is the '222' Gartley? That advanced pattern in which AB=CD leg and D point is not exceed X.
So, we have a '222' bearish Gartley formation with RSI Divergence in 1 hour timeframe.
So, we have a '222' bearish Gartley formation with RSI Divergence in 1 hour timeframe.
Note
1st TP point reached --> +90pips The initial Risk/Reward for this trade was 1/3
Market broke 100 EMA retest it and heading to the next TP level
Note
QUICK UPDATE ---> Cypher pattern has formed and ther is divergence in RSI, so the price will probably retrace. I am on that trade..
Trade closed: target reached
Both targets from Cypher pattern trade setup were hit
TP1 --> +56 pips
TP2--> +93 pips
Note
As far we have earned 240 pips from these trading setups with an average Reward/Risk of 3,4. We Still have an open position from the '222' bearish Gartley setup with great risk reward.
If you want you can add part of the profits to your short positions with SL and TP as in the chart.
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.
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.