EUR/GBP - Gartley 886
Updated
What's up traders, I'm currently watching the gartley 886 on EUR/GBP 15m chart.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.13 - 1.618
Final X to D: 0.786 (0.886 due to AB=CD completion)
Gartley patterns at an 88.6% retracement of XA are unique, this is utilised when the AB=CD completion extends past the 78.6% retracement which is the standard measurement.
Checking 5m and 1h timeframe, pattern is now complete!
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.13 - 1.618
Final X to D: 0.786 (0.886 due to AB=CD completion)
Gartley patterns at an 88.6% retracement of XA are unique, this is utilised when the AB=CD completion extends past the 78.6% retracement which is the standard measurement.
Checking 5m and 1h timeframe, pattern is now complete!
Note
Cover trade early and place stop at break even.Note
Close a part of your position, leave the remaining until price hits 0.618.Trade should be secured with SL at break even.
Trade closed: target reached
To anyone still holding, the trade should have been closed at the 0.618 of A to D. Currently focusing on EUR/JPY.
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