This isn't a perfect gartley but as we all know, the markets don't always provide clear easy to recognise patterns. There is a great risk to reward profile for this trade and for my criteria it fits the bill for a long position. I am initially only going in at 1 standard lot but will look to add as and when price continues to the upside. If the pattern doesn't play out I have limited my downside.
There is additional confluence due to previous structure and simple morning star candlestick formation at the previous support level. Its all about money management from this point onward.
Happy trading
There is additional confluence due to previous structure and simple morning star candlestick formation at the previous support level. Its all about money management from this point onward.
Happy trading