We got two potential Setups right here: A Bear Bat and A bull Deep Gartley. On which ur Bias is the market you would only like to take that setup. So if your Bias is to short the market, You just wanna go for the Short (Sell) Setup in this case which is the Bear Bat pattern.
Bat PRZ: 0.7364 - 0.7370. Stops above X point. TP1: 0.7331 TP2: 0.7310
Deep Gartley PRZ: 0.7244 - 0.7251. Stops below X point. TP1: 0.7299 TP2: 0.73286
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Take note if market would be still continuing on its side ways movement. A complete Bat could be a potential C point of the Bull Deep Gartley. As long price Stays below the X point of the Bear Bat/A Point of the Bull Gartley. The Bull setup will be still valid and it would depend on further price movement.
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If you have taken LONG on the Deep Gartley you are already stopped out from the trade with minimal risk just below the X point.
Trade geschlossen: Stop wurde erreicht
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Take note of the analysis we had on the this market for the long term.