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# LEARN TO TRADE THE GARTLEY PATTERN IN 5 EASY STEPS

FX:EURUSD   Euro / Đô la Mỹ
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STAGE 1:
THE BULLISH IMPULSE LEG

A bullish impulse leg is a strong move in price action to the upside.
The impulse leg can be a mixture of bullish and bearish candles, but must have a bullish overall direction.
The start of the impulse leg should be marked as X and the top of the impulse leg should be marked as A.

STAGE 2:
B LEG RETRACEMENT

Now that you have identified your X to A impulse leg you are now looking for the B leg, which is a retracement of the X to A impulse leg.

The crucial Fibonacci levels you are looking for are the 61.80% and 78.60%
Price action must at least touch the 61.80% retracement but cannot touch the 78.60% retracement.

As you can see by the illustration, the candle does not need to close below the 61.80% retracement but must at least spike through.
The bullish Gartley pattern will be invalid if price action touches the 78.60% retracement of the X to A move.

STAGE 3:
C LEG RETRACEMENT

Once you have identified a valid X to A impulse leg and a B leg retracement, you are now looking for a valid C leg retracement.

The crucial Fibonacci retracement level you are looking for is the 61.80%
Price action must at least touch the 61.80% but cannot spike above the A leg resistance.
The candle does not need to close above the 61.80% but must at least spike through.

The bullish Gartley pattern will be invalid if price action spiked above the A leg resistance.

STAGE 4:
D LEG COMPLETION

Now that you have a valid X, A, B and C move you are looking for the final leg in price action at which point you will buy the chosen currency pair.

You are looking for a 1.272% which will now give you a valid D leg completion of the bullish Gartley pattern .

STAGE 5:

When looking to take targets on the bullish Gartley Pattern the first step is to use your Fibonacci retracement tool.

With your Fibonacci retracement tool draw from the A to D leg, you are looking for target 1 at the 38.20% and target 2 at the 61.80%.
To protect the profits you have accumulated at target 1 it is advised you move your stop loss to breakeven once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2.

KEY NOTES & RULES:

When trading the bullish Gartley pattern, the pattern is meant to be traded at 1.272% D leg completion only. If you believe the pattern is unfolding but price is only at point B, be patient and wait until price reaches the D leg completion.
The power of the pattern comes from converging Fibonacci levels of all points from X to D.

Point B must at least touch the 61.80% retracement but cannot touch the 78.60% from the X to A move.
Point C must touch the 61.80% but cannot spike above the A leg resistance.
Point D is complete when price action touches the 1.272% retracement of the B to A move.
Stop loss must be placed below the X leg structure support .
Stop loss must also be a minimum of a 1:1 risk reward to the 38.20% target 1.
Target 1 at the 38.20% retracement of the A to D move.
Target 2 at the 61.80% retracement of the A to D move.

CURRENCY PAIR:
This pattern like any other is more profitable with certain currency pairs, you should do your own back testing on this before trading the pattern.

Website: http://www.UKForexSignals.com
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DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Hey thanks
I have a question though.
should these fibonacci ratios be exact ?
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now I'm leaning harmonic Patterns, this is great and helpful education!
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Thanks a lot mate...Wowww...so simple
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Jefedollar
@Jefedollar, My pleasure :-)
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Thanks a lot Tom:-) Its really useful for me. Explained everything clearly.. Keep up your good work:-) Is there any time duration to reach the target in Gartley pattern....
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stockschandru
@stockschandru, My pleasure, glad it has helped.
No time duration as long as the pattern is still valid.
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TomHall
@TomHall, Thanks for the clarification:-)
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Big thnaks for the information.
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Millionaire01
@Millionaire01, No problem at all :-)
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