This trade setup is based on uptrend wave structure, and the possible formation of a Gartley pattern that will help confirm continuation of the 5th Elliot Wave. If the Gartley pattern develops, it will have confluence with the start of the next wave, giving an opportunity for very good risk/reward, with an enter/exit strategy.
This cross moves very fast so be careful and reconsider your normal trade entry size. I personally am not going to touch this until it either develops the Gartley pattern, or alternatively if it develops a bearish butterfly pattern. In that case I'll be shorting intraday and continuing to look for new bullish patterns to ride the 5th Elliot wave.
This cross moves very fast so be careful and reconsider your normal trade entry size. I personally am not going to touch this until it either develops the Gartley pattern, or alternatively if it develops a bearish butterfly pattern. In that case I'll be shorting intraday and continuing to look for new bullish patterns to ride the 5th Elliot wave.
Trade closed: stop reached