Alexander_Nikitin

USDJPY, 30. unified gartley

Short
Alexander_Nikitin Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
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: 0.6-0.7XA
C-point: 0.3-0.4AB
Entry(limit order): 0.8XA
Stoploss(stop order): 0.9XA
Target(limit order): 1 to 1 RR

Historical performance:
First bar in history: 1999.01.04 07/00/00
Total patterns found: 26
Number of winners: 16
Average winner: 12.3 pips
Probabilitiy of win: 61.54%
Average RR: 1.33
R-expectancy: 0.4365
Trade active
Trade closed: stop reached

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.