Chart is an expectation of market setup via gartley pattern.
If market hits target C then;
* SELL at 1.32839
* TP1 at 1.33311
* TP2 at 1.32911
* SL at 1.33800
Note - TP2 at target D in pattern.
If market hits target D after selling at C then;
* BUY on D at 1.32911
* TP1 at 1.33311
* TP2 at 1.33558
* SL at 10-20 pips below X (1.32839)
Note - TP1 on buy = TP1 on sell
Wait till market hits target C first for higher probability of gartley pattern in play, else;
* Use indicators at lower timeframes (e.g. 5mins) for buy up opportunities to target C.
Considerations on where to collect profit;
* Gartley pattern completion can sometimes be annulled after TP1 of sell from target C.
* Gartley pattern D breakout can sometimes finish its run at TP1.
DISCLAIMER;
Trading carries risks, ideas are for guideline purposes only.
Do set stop losses when trading & be generous with how much room allow for candle wicks.
There is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
Do check related ideas below for those I've guided.
If market hits target C then;
* SELL at 1.32839
* TP1 at 1.33311
* TP2 at 1.32911
* SL at 1.33800
Note - TP2 at target D in pattern.
If market hits target D after selling at C then;
* BUY on D at 1.32911
* TP1 at 1.33311
* TP2 at 1.33558
* SL at 10-20 pips below X (1.32839)
Note - TP1 on buy = TP1 on sell
Wait till market hits target C first for higher probability of gartley pattern in play, else;
* Use indicators at lower timeframes (e.g. 5mins) for buy up opportunities to target C.
Considerations on where to collect profit;
* Gartley pattern completion can sometimes be annulled after TP1 of sell from target C.
* Gartley pattern D breakout can sometimes finish its run at TP1.
DISCLAIMER;
Trading carries risks, ideas are for guideline purposes only.
Do set stop losses when trading & be generous with how much room allow for candle wicks.
There is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
Do check related ideas below for those I've guided.
Komen:
** ...used indicators in 3mins timeframe to get in buy after the retracement down
Though I chart patterns, I always use indicators in lower timeframes to time my entries right.
Trade safely.