On Friday, i just short the gbpaud, which is at the 78.6%, and also in line with the Gartley pattern.
The drawing of the Risk Reward Ratio, is only an indication, doesn't mean that my stop loss is exactly at that level, i use it for calculating my position size only. but, if it breaks that level, i will close my trade.
Take care
RandR
The drawing of the Risk Reward Ratio, is only an indication, doesn't mean that my stop loss is exactly at that level, i use it for calculating my position size only. but, if it breaks that level, i will close my trade.
Take care
RandR
Comment:
the resistance seems valid to me, I would increase my position. GOGOGOGO