Gartley Pattern Completion Trade GBPJPY
Chart : red dotted line = structure level
red trend line = stop loss
violet trend line = entry
green trend line = target
Bought at 171.313, we went for a double bottom into previous structure support (red dotted line). A 2618 trade opportunity has been noticed in lower time frame (15MIN)
Now, it should be easy to get higher into our target, 172.091.
If market makes a new higher low, we'll move the stop a little higher.
I entered this trade because of :
- 30% RSI
- Gartley pattern completion
- Previous structure support/resistance
- Long legged doji for further confirmation of the PRZ (potential reversal zone)
- Ratio confluence
red trend line = stop loss
violet trend line = entry
green trend line = target
Bought at 171.313, we went for a double bottom into previous structure support (red dotted line). A 2618 trade opportunity has been noticed in lower time frame (15MIN)
Now, it should be easy to get higher into our target, 172.091.
If market makes a new higher low, we'll move the stop a little higher.
I entered this trade because of :
- 30% RSI
- Gartley pattern completion
- Previous structure support/resistance
- Long legged doji for further confirmation of the PRZ (potential reversal zone)
- Ratio confluence
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