A unified gartley has just completed on audusd. wait for reversal signals to appear before execution. Good luck
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price installed a bear reversal bar. if the next bar is a follow through then the signal is confirmed.
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no follow through appeared. the signal was not confirmed. wait for another setup:
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now we get a confirmation. my execution is a sell limit order at a 50% pullback of the downside move:
Trade active:
now we get a 50% pullback. the order is activated.
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trade management. trail your stoploss with 3atr distance. i.e. when price moves 1atr in your direction then cut your loss by 1atr. another atr - another cut. and so on.
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1atr distance is covered. risk is cut by 1 atr:
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2 atr distance is covered. risk is cut by another atr. an accelerated trendline is plotted. exit if accelerated trendline is broken:
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3 atr distance is covered. stop moved to breakeven. exit if the accelerated trendline is broken:
Trade closed manually:
The trendline is broken. The trade is closed. The tp was missed by less than 1 pip. Typically I exit at market in these situations but I was aways from my screen to notice it in advance.
