I actually studied the Gartley pattern from a book named "Trade What You See" by Pesavento. It uses the Gartley pattern in conjunction with the famous AB=CD pattern giving us a nice trading range maybe to "dollar-cost-average" into a trade, reducing overall risk.
Back to the trade idea, it is a bearish GARTLEY pattern @ 1.1600 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.
1.14886 os a high support ...you have no reason for any gartley , not before the price fall .. ..
Krunal.Patel
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Sorry @stream. My trading plan says I have a Gartley completion @ 1.1600, it may lose or win i don't know but it is in my plan so I will trade it. However, I would like to know your views on this? :-) Good luck. Thank you.