With any harmonic pattern you want to let them completely finish before you make a trade at the PRZ (potential reverse zone) area. All harmonic patterns have there own Fib. retracement and extension range percentages, which you need to look up and know to verify that they what you think they are.
This Bearish Gartley pattern stick out very easily, on this EurJpy daily chart, you can trade all harmonic patterns on any time frames, but higher the time frames the easier to recognize them and the easier you will be able to predict their key XABCD points, and PRZ areas to set up trades. They are fun to do on your charts, but harder to do in live/real times when scalping and/or day trading on smaller time frames.
Do not only relay on harmonic patterns, but other confirming indicators, like RSI, angle trend lines, round psychological numbers and/or quarter numbers on chart you are trading on (.000, .250, .500 and/or .750).
Big deal on charts is for the best Risk Reward set ups, always trade when the PRZ (potential reversal zone) is hit and you see Engulfing, Harami and/or Pinbars candlestick patterns reversing in the other way then the bullish CD leg, so look for bearish trading and/or bearish CD leg, so look for bullish trading.
Wish all the best in forex trading and life. Always control risk management on all trades you do (lot sizes, stops, entry, exits/targets) you can do it.
This Bearish Gartley pattern stick out very easily, on this EurJpy daily chart, you can trade all harmonic patterns on any time frames, but higher the time frames the easier to recognize them and the easier you will be able to predict their key XABCD points, and PRZ areas to set up trades. They are fun to do on your charts, but harder to do in live/real times when scalping and/or day trading on smaller time frames.
Do not only relay on harmonic patterns, but other confirming indicators, like RSI, angle trend lines, round psychological numbers and/or quarter numbers on chart you are trading on (.000, .250, .500 and/or .750).
Big deal on charts is for the best Risk Reward set ups, always trade when the PRZ (potential reversal zone) is hit and you see Engulfing, Harami and/or Pinbars candlestick patterns reversing in the other way then the bullish CD leg, so look for bearish trading and/or bearish CD leg, so look for bullish trading.
Wish all the best in forex trading and life. Always control risk management on all trades you do (lot sizes, stops, entry, exits/targets) you can do it.