(See the edit to Gartley #1 in the comment below)
Looking at the 4 hour chart there are two potential Gartley patterns setting up:
Gartley Buy Pattern (purple):
Buy @ 1.9870
Sell @ 1.9770 (SL) (Note the typo in the above chart)
Sell @ 2.0084 (TP)
Risk: 100 Pips
Reward: 210 Pips
After the Gartley Buy, we also see a potential Gartley Sell with the CD leg forming where the Gartley Buy completed assuming it wasn't invalidated by D exceeding X:
Sell @ 2.0114
Buy @ 2.0184 (SL)
Buy @ 1.9932 (TP)
Risk: 70 Pips
Reward: 182 Pips
If our potential Gartley Buy is invalidated by D exceeding X, watch for a potential butterfly if we get a reversal on the 1.217 retracement of XA:
Buy @ 1.9711
Sell @ 1.9690 (SL)
Sell @ 2.0084 (TP)
Risk: 21 Pips
Reward: 373 Pips
Looking at the 4 hour chart there are two potential Gartley patterns setting up:
Gartley Buy Pattern (purple):
Buy @ 1.9870
Sell @ 1.9770 (SL) (Note the typo in the above chart)
Sell @ 2.0084 (TP)
Risk: 100 Pips
Reward: 210 Pips
After the Gartley Buy, we also see a potential Gartley Sell with the CD leg forming where the Gartley Buy completed assuming it wasn't invalidated by D exceeding X:
Sell @ 2.0114
Buy @ 2.0184 (SL)
Buy @ 1.9932 (TP)
Risk: 70 Pips
Reward: 182 Pips
If our potential Gartley Buy is invalidated by D exceeding X, watch for a potential butterfly if we get a reversal on the 1.217 retracement of XA:
Buy @ 1.9711
Sell @ 1.9690 (SL)
Sell @ 2.0084 (TP)
Risk: 21 Pips
Reward: 373 Pips
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.