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Bullish Gartley

GBPUSD GARTLEY PATTERN CHECKING GBPUSD If complete point D to buy TP 1 - 61.8% TP 2 - 38.2% SL - BELOW 30 TO 50PIPS IN POINT D Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities. Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
Short
by sakthideva
7
Elliot Wave leg 4 breakout, Bullish Cypher? *Education ONLY - Do not trade half completed pattern formations! * Mixin n matching for pip collection Biased scenario: 1) You can see the Elliot leg 4 - 5 2) EMAs are in order - fast EMA20 above the slow EMA50 3) Fib AB retracement so far fits a cypher (yellow fib) AB = 0.38 < rXA < 0.68. That is AB retracement of XA is greater than .38 and less than .68 4) Candle bar setup bullish (hammers, continuations) ENTRY: Trading the last small candle, just above it ~ 1.94078 SL around .618 XA retracement TP around .786 retracement of AB(rAB - gray fib) (.786 rAB would be point alternative point C in case we see the yellow inner Gartley or BAT instead) .. for a cypher we'd expect C to sit well above point A Follow/Like: @bizlus Comment/Feedback Gift: BTC 14Ee3cGJLBdBN7PWRBwu3d41S3NVbqERRq ETH 0x8844032d9b0791fdfa6633e3768cfe1d6a767c88 LTC LQmkqNvv3JVfFpHQ32Wp6mdiBPpLLgmmmf
Long
by bizlus
1