After about 2 hours later, the pattern 1.618 AB = CD formed out of the 3 predicted projection. I let this opportunity slip as I'm still studying to use this indicator in more efficient way. Regarding the trade, with stop loss of just 19 pips you can get around 50 pips. A very good ratio for the Risk/Reward.
Wednesday, March 24, 2010
USDCAD : Bearish Gartley with AB=CD [UPDATED]
After about 2 hours later, the pattern 1.618 AB = CD formed out of the 3 predicted projection. I let this opportunity slip as I'm still studying to use this indicator in more efficient way. Regarding the trade, with stop loss of just 19 pips you can get around 50 pips. A very good ratio for the Risk/Reward.
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