EUR/GBP Gartley Setup
Updated
Price points are subject to change contingent at location of price point C. My estimation of point C is at .88250
Estimation of D completion at .88640 to .88690, again this is a moving variable price contingent on C
If estimation price points are correct
Sell order when D gives indication of reversal
SL: .8877
TP1: .88462 (1.43R)
TP2: .88315 (2.55R)
My TP Calculation is Fib ret from A to D and TP1 is .382 and TP2 is .618
Estimation of D completion at .88640 to .88690, again this is a moving variable price contingent on C
If estimation price points are correct
Sell order when D gives indication of reversal
SL: .8877
TP1: .88462 (1.43R)
TP2: .88315 (2.55R)
My TP Calculation is Fib ret from A to D and TP1 is .382 and TP2 is .618
Note
Gartley abandon. No trade was placedOrder cancelled
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