Hi guys, I've spotted a possible Gartley bat pattern on this pair on the daily chart.
The condition of the pattern is as follow:-
Leg XA - impulse leg
Leg AB - at least retracement 0.618 referring to leg XA
Leg BC - at least retracement between 0.618 and 0.786 referring to leg AB or not close beyond A
Leg CD - Must be at 1.272 fib extension referring to leg XA
Stop loss - 1.13 fib extension referring to leg AX
Take profit - 0.382 (TP1) and 0.618 (TP2) referring to leg AD
What's your take for this setup?
Anyway, good trading guys!!!
The condition of the pattern is as follow:-
Leg XA - impulse leg
Leg AB - at least retracement 0.618 referring to leg XA
Leg BC - at least retracement between 0.618 and 0.786 referring to leg AB or not close beyond A
Leg CD - Must be at 1.272 fib extension referring to leg XA
Stop loss - 1.13 fib extension referring to leg AX
Take profit - 0.382 (TP1) and 0.618 (TP2) referring to leg AD
What's your take for this setup?
Anyway, good trading guys!!!