There is a possible bearish Gartley for EURGBP. Upon D completion at 0.88937 (78.6 of XA) and confirmation of the bearish bias, I will go short. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. The stop loss has the same number of pips as TP1 by default. Tentative details are as follows:
Trade Setup: Possible Bearish Gartley
Price Entry 0.88937
SL 0.89980 | SL pips 104.3
TP1 0.87894 | TP1 pips 104.3
TP2 0.87250 | TP2 pips 168.7
TP3 0.86207 | TP3 pips 273.0
RRR1 1.00 | RRR2 1.62 | RRR3 2.62
Trade Setup: Possible Bearish Gartley
Price Entry 0.88937
SL 0.89980 | SL pips 104.3
TP1 0.87894 | TP1 pips 104.3
TP2 0.87250 | TP2 pips 168.7
TP3 0.86207 | TP3 pips 273.0
RRR1 1.00 | RRR2 1.62 | RRR3 2.62
Order avbruten:
This setup is invalidated as D completion did not occur. (June 29)