Good profit in Gartely Pattern

This trade went with a very good target level, it was a Gartley pattern, the pattern started at 1.5240, and ended at 1.5102, with a resistance at 1.5171 and support at 1.5131. 

Using our online chart tool we found that the reverse price will be between 1.5196 and 1.5211, and as we expected the price reversed at 1.5204, and targted the price 1.5078, which was a very good price for me to close the trade. 

The image below includes all the data and numbers, pay attention to the reverse area, this is the most intersting place in the trade. Using this tecknique with a good money management will drive you a good profit.

 

Comments

September 4. 2010 02:21

Sweepstakes

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Sweepstakes

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