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Reply With Quotewill be looking for GBPUSD short in around 1hour
Hi kor4x,
that A to B range is the first push up,then C to the current top is the 2nd push up,so if it ends there we should get a retracement to lower levels. I'm thinking at
around 157.80 or thereabouts. Than we should see the 3rd push up from there. Wait and see I guess.
will be looking for GBPUSD short in around 1hour
GBPUSD TPs taken
beauty from EURJPY ->
so far so good ->
Hi kor4x you talk a lot about location and that you what to see gartley in starting new trend but this one is: "gartley with trend"Originally Posted by kor4x
beauty from EURJPY ->
btw nice gratley
I am not at the same level as Kor4x but there are 2 types of Garley, a reversal Gartley which happens at the beginning of a new trend and a continuation gartley which happens in the direction of the dominant trend.
The continuation gartley like the one you see on the EUR/JPY is a good way to get into a strong trend and when it works usually give a good risk reward ratio.
Hope this helps and Kor4x do feel free to correct anything you feel I have not quite got correct
@Samtastico: perfectly correct for me. Here is a bit about these 2 types: Reversal and Continuation Gartley pattern
for me the proper Gartley pattern is the reversal one. Continuation gartley may keep the shape and Fibonacci ratios, but for me the location takes priority if I have to rate them.
gbpusd h1 = ascending Broadening Wedge + 3drive
bearish setup on GBPUSD, possible higher timeframe turning point ->
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