Possible Gartley on Silver...
Updated
Possible Identification of a Gartley pattern on Silver 4H, as long as there is a price reversal in the 'C' zone, which is likely due to top down analysis suggesting that there is possible resistance around this level...
Newbie here just documenting trade ideas... so any comments and support welcome! ;)
Newbie here just documenting trade ideas... so any comments and support welcome! ;)
Comment
Reversal in the 'C' zone. Limit order has been set up for a buy point at 'D'. Take note - SL has been widened slightly, due to increasing market volatility, and the fact it was too close to the 'X' point. However, this does decrease the RR of the trade.
Comment
Missed point 'D' by 20 pips on my broker. We may still see a minor reversal which could activate the trade, however, if not, the trade will be cancelled.
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