Placed 2 orders to enter half orders at the 61.8 and 78.6 retracement of XA. Downtrend clearly visible on the 1D and 4H charts
A bearish gartley pattern has just completed on the CADAUD (1D and 4H). Purple line represents the 127.2 EXTENSION OF ABA and orange line represents the 78.6 RETRACEMENT OF XA. Shorted a full position
Simple ABCD pattern on the NZDCAD. 2 entry points on the 61.8 and 78.6 retracement
The 127.2 extension of the ABA leg is rather far from the 78.6 retracement of the XA leg. Decided to short 2 half positions at those points. Any thoughts on this method? Have seen variations for the ROE of a Gartley, some requiring confluence while others do not!