Hi guys,
Here is a bearish GARTLEY pattern @ 2097 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.
Thank you for your support.
Trade Numbers:
Risk: 22 points x 2 = 44 points
Reward #1: 23 points. R:R = 1:1.05
Reward #2: 38 points. R:R = 1:1.70
Plan your trade... Trade your plan.
Here is a bearish GARTLEY pattern @ 2097 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.
Thank you for your support.
Trade Numbers:
Risk: 22 points x 2 = 44 points
Reward #1: 23 points. R:R = 1:1.05
Reward #2: 38 points. R:R = 1:1.70
Plan your trade... Trade your plan.
