Hi contenders,
Looking for patterns on the 4h charts I observe a Bullish Gartley on EUR/HKD using Fibonacci Retracements:
Down trend into resistance at ~9.58
Gone up (1) and retracing to ~62 % (2)
Going back up again (3) to ~62% of line 2.
Going down now on line 4. Place order at confluence (ellipse) of 78% of line 1 and 127% of line 2.
Initial SL right after base of 1 and TP at resistance
It still went down another ~180 pips, but now it is up ~360 pips with 3.5mio exposure.
Regards,
mosu_d
Looking for patterns on the 4h charts I observe a Bullish Gartley on EUR/HKD using Fibonacci Retracements:
Down trend into resistance at ~9.58
Gone up (1) and retracing to ~62 % (2)
Going back up again (3) to ~62% of line 2.
Going down now on line 4. Place order at confluence (ellipse) of 78% of line 1 and 127% of line 2.
Initial SL right after base of 1 and TP at resistance
It still went down another ~180 pips, but now it is up ~360 pips with 3.5mio exposure.
Regards,
mosu_d