A Bearish Gartley Pattern forms within the double top retracement within the longer-term Bearish Trendline.
To sweeten the deal, the confirmation ends with a long shadow candle/pin-bar completing the Gartley Pattern.
The downside of this is that the RSI has not reach the overbought zone and the closing price of the long shadow candle can throw traders off the scale of Reward:Risk.
To sweeten the deal, the confirmation ends with a long shadow candle/pin-bar completing the Gartley Pattern.
The downside of this is that the RSI has not reach the overbought zone and the closing price of the long shadow candle can throw traders off the scale of Reward:Risk.
Trade closed: target reached
Target 1 : 153.88(+37)Target 2 : 153.53(+78)
Total Profits: 37+78=115pips (approx. 1,150usd/lot traded)
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.