EURGBP, 30. Unified Gartley
A potential unified gartley is setting up. Below is the best (to my mind) way of trading it based on my market research.
Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0.3-0.4XA
C-point: 0.8-0.9AB
Entry(limit order):0.7XA
Stoploss(stop order): 0.9XA
Target(limit order): 1 to 1 RR
Historical performance:
First bar in history: 1999.01.04 13/00/00
Total patterns found: 30
Number of winners: 21
Average winner: 9.9 pips
Probabilitiy of win: 70%
Average RR: 0.85
R-expectancy: 0.2972
Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0.3-0.4XA
C-point: 0.8-0.9AB
Entry(limit order):0.7XA
Stoploss(stop order): 0.9XA
Target(limit order): 1 to 1 RR
Historical performance:
First bar in history: 1999.01.04 13/00/00
Total patterns found: 30
Number of winners: 21
Average winner: 9.9 pips
Probabilitiy of win: 70%
Average RR: 0.85
R-expectancy: 0.2972
Order cancelled
the C-point was exceeded
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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.
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.