18 Nov 11 - EUR/USD - M15 - Bearish Gartley @ 0.886

This is a very short trade done to capitalise on the pattern's completion. Despite small profits, the trade was still considered a great one.

Distal (H1)

Following a fall, the pair was consolidating and the pattern happened to complete near the resistance (chart was captured later and a more interesting observation was seen after this trade when the pattern actually morphed into a Bearish Crab pattern)

Primary (M15)

A nice pattern validation and completion seen on the primary time frame which prompted a short.

Proximate (M5)

A short was triggered when the RSI rolled out from the extreme overbought area which in this case was a little not so ideal as the entry was after price exited from the PRZ.

Trade Details

Date & Time: 18 Nov 11, GMT 08:00
Entry Price: 1.35150

Trade Update

The 1st batch was closed on 18 Nov 11, GMT 08:20 gaining a profit of 17.8 pips while the 2nd batch was closed when the protective stop was triggered on 18 Nov 11, GMT 08:51 gaining a profit of 5.6 pips.