A good looking Gartly pattern on the GBPJPY

15 באוק׳ 2015

While this is technically a Gartly pattern set up, I have the entry a little lower then most people would have it because my system says I need at least a 1:1 risk to reward. If you system says you need to enter at the 78.6% or the 127.2% then your entries need to be different. This pair is consolidating well though so it is a good looking trade as long as it keeps consolidating, too bad we never know.