Hey traders, this gartley pattern completing near the invalidation level of a bearish impulse. This is confluent with many MA clusters on many timeframes. The R/R is high and the win likelihood is low compared to a wider stop, so trade size needs to be diminished in order to take a trade like this. However, there are many factors confluent with bearishness at this level and worth a shot. Cheers
Trade active
Trade closed: stop reached
Invalidation level breached!Note
Update: Took a long trade on the bullish impulse. +10 pips total combined in both positions. Eyes are now on the CAD as we approach BOC statement
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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.