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On the 12-hour time period chart, the price action has formed the final leg of the bullish Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: $5.22 to $4.78
Sell between: 5.56 to $6.38
Stop loss:
The maximum extent of potential reversal zone to $4.78 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 33% and a loss possibility is 9%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
On the 12-hour time period chart, the price action has formed the final leg of the bullish Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: $5.22 to $4.78
Sell between: 5.56 to $6.38
Stop loss:
The maximum extent of potential reversal zone to $4.78 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 33% and a loss possibility is 9%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
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