Took a painless 2 targets winner Bearish Gartley on this pair earlier today but noted a few interesting this while doing analysis this morning :
- pattern formed while testing a DSR resistance level on the Daily timeframe
- RSI went OS while on the first test of the DSR level (my x point for the pattern)
- RSI divergence as price comes back up to my D completion (my orders were placed a bit higher than D completion to get a 1:1 risk to reward ratio)
Price then reversed not long after I got involved and both targets were hit less than 10 minutes from each other.
I will definitely need be going through my advanced patterns backtesting and testing new targets when forming at DSR levels, to see how I can improve the trading plan and increase profitability.
Have a great one folks !
- pattern formed while testing a DSR resistance level on the Daily timeframe
- RSI went OS while on the first test of the DSR level (my x point for the pattern)
- RSI divergence as price comes back up to my D completion (my orders were placed a bit higher than D completion to get a 1:1 risk to reward ratio)
Price then reversed not long after I got involved and both targets were hit less than 10 minutes from each other.
I will definitely need be going through my advanced patterns backtesting and testing new targets when forming at DSR levels, to see how I can improve the trading plan and increase profitability.
Have a great one folks !