Hey Harmonic Traders! Today we've got a Butterfly and Gartley 222 on the 1 Day
Butterfly stays within our standards,
A = .786
B = .386 - .886
C = 1.618 - 2.24
X to D = 1.272
Gartley stays within our standards,
A = .618
B = .386 - .886
C = 1.272 - 1.618
X to D = .786
We've got some trend lines drawn up, showing that it's hit before and will be looking to hit again. I'm hoping for it to reverse with the Butterfly because of the higher potential profit (also it looks better).
Each trade has over a 1:2 Risk VS Reward to keep our wallets happy!
Note: always draw it on your own chart to get exact measurements! Make sure you have confirmation candlestick patterns CLOSED before entering - it may shoot through the D reversal zone!
You're welcome to repost this, just mention @corganmusic! :)
For those looking to learn to trade, message me! Good luck out there!
Butterfly stays within our standards,
A = .786
B = .386 - .886
C = 1.618 - 2.24
X to D = 1.272
Gartley stays within our standards,
A = .618
B = .386 - .886
C = 1.272 - 1.618
X to D = .786
We've got some trend lines drawn up, showing that it's hit before and will be looking to hit again. I'm hoping for it to reverse with the Butterfly because of the higher potential profit (also it looks better).
Each trade has over a 1:2 Risk VS Reward to keep our wallets happy!
Note: always draw it on your own chart to get exact measurements! Make sure you have confirmation candlestick patterns CLOSED before entering - it may shoot through the D reversal zone!
You're welcome to repost this, just mention @corganmusic! :)
For those looking to learn to trade, message me! Good luck out there!
