2018Dec04 CHFJPY H4 Bullish Gartley
CHFJPY has been on a recent uptrend and completed a bullish Gartley. There is an RSI bullish divergence seen on H1 timeframe. Upon confirmation of the bullish bias, I will go long. The take profit target is set at the 61.8 Fibonacci retracement level of the AD leg. Stop loss has the same number of pips as TP1. Trade details are as follows:
Trade Setup: Bullish Gartley
Price Entry 113.332
SL 112.922 | SL pips 41.0
TP2 113.995 | TP2 pips 66.3
RRR2 1.62
Trade Setup: Bullish Gartley
Price Entry 113.332
SL 112.922 | SL pips 41.0
TP2 113.995 | TP2 pips 66.3
RRR2 1.62
Order cancelled
New swing low. (December 5)
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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.