Gartley 222 entry on Gold
When these patterns workout you get an assymetrical risk to reward, and when they don't everyone thinks you are an idiot.
It's a butterfly pattern with all the valid fib ratios, at least within the margins of error. The 0.618 fib retracement gave me the courage to take the trade.
The stop is on the 0.786 fib retracement and I will use a trailing stop.
Trade what you see and not what you think and no one knows exactly whats going to happen next in the market so don't fall victim to the fear of a losing trade. Always practise good risk management.
It's a butterfly pattern with all the valid fib ratios, at least within the margins of error. The 0.618 fib retracement gave me the courage to take the trade.
The stop is on the 0.786 fib retracement and I will use a trailing stop.
Trade what you see and not what you think and no one knows exactly whats going to happen next in the market so don't fall victim to the fear of a losing trade. Always practise good risk management.
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