2018Jul22 USDCHF H4 Possible Bullish Gartley

Jul 21, 2018

USDCHF has been on a recent uptrend. There is a possible bullish Gartley. Upon D completion at 0.99028 (78.6 of XA) and confirmation of the bullish bias, I will go long. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. The stop loss has the same number of pips as TP1 by default. Tentative details are as follows:

Trade Setup: Possible Bullish Gartley
Price Entry 0.99028
SL 0.98397 | SL pips 63.1
TP1 0.99659 | TP1 pips 63.1
TP2 1.00050 | TP2 pips 102.2
TP3 1.00681 | TP3 pips 165.3
RRR1 1.00 | RRR2 1.62 | RRR3 2.62

Sep 20, 2018

Order cancelled

This setup is invalidated as D completion at 0.99028 (78.6 of XA) did not occur. (July 23)