Theres a fairly ideal bearish gartley on the USD/HKD daily at the moment with AB=CD and divergence on the RSI and momentum indicators. I wasnt happy with the pic I did so wont post it but it sticks out like dogs balls.
Kinda gutted that I spotted the AUD/JPY larger gartley that finished with the NFP last week and then reversed for 300 pips this week , but never traded it.
USD/HKD limit was hit the other day at 7.8114, a reasonable sized position (for me) is now in place and as of now +43 with in my mind all indications showing a turn at the 78% retracment level. target 7.77 stop 7.84 this may be brought down over time eg trailing.
I have started looking into Gartley Butterflys. Do you have any recommended sources of info for background reading? This thread has many good examples, but I am looking for something that starts with the basics...
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