Looking to get long on the Cable this week, using this Gartley pattern as my entry reason. We also have some fib confluence with the 50% & 618% retracements of the last couple of moves up from higher timeframe.
Bearish Gartley had completed on Friday evening @1.0668
Excellent Risk/reward of 1.35/1 for the first target.
The price penetrated X point so whether the pattern is valid for you depends on your specific rules.
As long as it hasn't closed above X - the pattern is valid for me.
I will wait to see how the market wil open and take the trade.
Cyphers on the 15/30 min charts. One smaller has just completed (in blue), second cypher is setting up now (in red).
There's also possibly a small Gartley setting up in blue on the 5 min chart. All long.
