EURGBP: potential bull Gartley 1HRpotential bull gartley on 1 hr chart
good luck any comments are likes are welcomed
Garltley
EURUSD PERFECT GARTLEY COMPLETEDLook what we have here. Maybe it was tough to find it. We still have a valid strong weekly trendline and just top of it we have the perfect gartley pattern with the perfect ratios. Now its the time to think whether you would hit long or would say nah, i will be waiting for a short. I am not listening to anyone, I am going long again. I am 50/50 again. I may win or loose. But according what the market is saying. Obviously its whispering to my ears, Go long peeps.
1) How big of a position do I want to trade? How much capital am I going to risk? Am I limiting my risk to 1% or 2% of my trading capital?
2) What is my risk of ruin based on my capital at risk?
3) Why am I entering the trade here? What is the trigger to trade?
4) How will I exit with a profit? A price target or trailing stop?
5) At what price will I know that I was wrong? Where is my stop loss based on the position size?
6) Will I be able to admit I was wrong and exit the trade if my stop is hit, or will my ego make me hold and hope?
7) Is the risk small enough that I can emotionally handle the loss without blaming the market?
8) Can I really risk this money or do I need it for upcoming bills? Trade with risk capital not living expenses.
9) Am I committed to staying disciplined and following my trading plan on the trade?
RISKS ASSOCIATED WITH FOREX TRADING
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
USD/CAD gartley hourlyThis flag shaped consolidation lead me to look for patterns, after finding an initial bat pattern that didn't fulfill, I started to Look for a new pattern , I believe that if the market continues to consolidate in the flag shape, then it will create a completed Gartley pattern. upon completion of the Gartley pattern , I will short the market roughly around 1.21270. I will place my stop at the top of the flag and my limit at the bottom of the flag with a 2:1 risk reward ratio. Please like and leave your opinions in the comments.
