My Ironclad Rule

"It's not how many pips you make, It's how much risk you take"

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Thursday, April 8, 2010

GBPUSD : Bullish Gartley [emerging]


I spotted this emerging Gartley just now. This pattern will be valid if the price break the recent LO at 1.5130. Then I shall prepare to buy in the yellowed zone. The projected D is 1.27 BC at 1.5110 while 0.786 XA is at 1.5100. I might consider to place tight stop loss as it might be a sell rally.

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