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On the hourly time frame chart, the price action has formed final leg of bullish Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: $104.86 to $89.90
Sell between: $116.64 to $144.92
Stop loss:
The maximum extent of potential reversal zone to $89.90 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 61% and the loss possibility is 15%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with the trade
On the hourly time frame chart, the price action has formed final leg of bullish Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: $104.86 to $89.90
Sell between: $116.64 to $144.92
Stop loss:
The maximum extent of potential reversal zone to $89.90 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 61% and the loss possibility is 15%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with the trade