XAUUSD '222' Gartley bearish | RSI Divergence

23 mag 2017

What is the '222' Gartley? That advanced pattern in which AB=CD leg and D point is not exceed X.
So, we have a '222' bearish Gartley formation with RSI Divergence in 1 hour timeframe.

24 mag 2017

Nota

1st TP point reached --> +90pips The initial Risk/Reward for this trade was 1/3

Market broke 100 EMA retest it and heading to the next TP level

24 mag 2017

Nota

QUICK UPDATE ---> Cypher pattern has formed and ther is divergence in RSI, so the price will probably retrace. I am on that trade..

25 mag 2017

Trade chiuso: obiettivo raggiunto

Both targets from Cypher pattern trade setup were hit
TP1 --> +56 pips
TP2--> +93 pips

25 mag 2017

Nota

As far we have earned 240 pips from these trading setups with an average Reward/Risk of 3,4. We Still have an open position from the '222' bearish Gartley setup with great risk reward.
If you want you can add part of the profits to your short positions with SL and TP as in the chart.