- Trade Strategy: Bearish Deep Gartley - Timeframe: 4-hourly chart Analysis: - Importance: Emphasizes the need for confirmation before entering a trade Trade Plan: - Entry Condition: Wait for candlestick confirmation - Confirmation Sign: Look for a Magic Candle indicating a qualifying trading setup - Engagement: Engage the trade only upon confirmation ...
For those looking for a trading opportunity on GBPUSD, here's a potential setup: - Setup: Bearish Deep Gartley Pattern - Completion Level: 1.2726 The GBPUSD weekly chart has shown a bearish trend. The Bearish Deep Gartley Pattern completion at 1.2726 presents an opportunity for traders interested in shorting GBPUSD. Please share your thoughts on whether you are...
Let's discuss the trading plan for GBPUSD, and it revolves around the recognition of a Bearish Deep Gartley Pattern. This pattern, once confirmed, provides an optimal setup for a shorting opportunity. Here's the breakdown: 1. Trading Setup: Bearish Deep Gartley Pattern. 2. Price Reversal Zone (PRZ): Awaiting confirmation at 1.2725. Once the PRZ is...
The USDJPY's Weekly chart is showing signs of a potential Head and Shoulders formation. While engaging directly on the weekly chart might be considered risky, what if we use a Combo Trade Management strategy? There's a Bearish Shark Pattern on the Daily chart, and we might witness a formation of a Bearish Deep Gartley Pattern on the 1-hourly chart, providing...
Simon Property Group has formed a Bearish Harami on the weekly at the PCZ of a Bearish Deep Gartley and Bearish Deep Crab, the PCZs happen to align with weekly Horizontal Resistance and may now lead to SPG making its way down to a 0.886 Retrace as the REITs continue down due to rising yields.
Considering a retracement move on USDJPY? Keep an eye on the Deep Gartley Pattern, expected to present a shorting opportunity around 142.54. While maintaining a bullish stance on USDJPY, seizing an opportunity within a retracement trade could be valuable. What are your thoughts or trade plans for USDJPY? Share your insights or strategies below!
It seems EURUSD presents an interesting scenario—a Weaker Bull trading setup on the Weekly Chart contrasting with a bearish trend on the Daily Chart. Your focus is on the Bearish Deep Gartley Pattern on the 1-hourly chart, providing a precise entry point and the potential for significant profits. Trade plans can vary based on individual analyses and risk...
In this trade, I'm taking a counter-trend approach, spiced up with a touch of adventure on my second target. The convergence of the Fib-3 Bat Pattern with the Deep Gartley Pattern setup is a remarkable alignment. The addition of RSI Divergence serves as the icing on the cake. Once the market reaches my first target, I'll be making the prudent move of shifting my...
The EURUSD displays a Weaker Bull setup on the Weekly Chart. Aggressive Approach: Opting for an assertive stance by seeking a shorting opportunity. Option 1: Daily Chart - Bearish Flag Pattern Waiting for a retest at the resistance level of 1.0620 before considering a short position Option 2: 1 Hourly Chart - Type 2 Bearish Deep Gartley...
As we continue to analyze the market, it's become clear that avoiding bad trades is just as important as finding the next big one. This is particularly true when looking at the bottom 2 charts of NZDJPY's daily and weekly charts. On the daily chart, we can see that the Bearish Deep Gartley Pattern is over-extended, meaning it took longer than expected to complete...
The DXY and the 30 Year Yield have been on the decline for most of the day but are now showing signs of reversing back up at the PCZ of a Bullish Bat and a Bullish Shark in the form of MACD Bullish Divergence and PPO Confirmation, respectively. When these two start to rise again it is very likely that the QQQ start to continue down as it is trading at the PCZ of...
PayPal has generated another Bearish Harmonic, this time in the form of a Bearish Deep Gartley, and if it gets below $63 this week, I expect that it will make a significant move towards the 1.618 Fibonacci extension that happens to land at $45.64. In addition to what I pointed out above, we also have Bearish Divergence on the MACD and RSI.
The Dollar Canada pair offers a chance to capitalize on a bit of consolidation after an uptrend movement. Upon examining the daily chart, there appears to be a retest of the previous resistance, indicating a favorable buying opportunity for counter-trend traders. The 4-hour chart shows a retest of the support area, which could potentially lead to a harmonic...
Trading strategies offer a captivating avenue, providing opportunities to engage trades with less overthinking. In the case of the Australian dollar, however, it has displayed weakness, manifesting a bearish trajectory. Let's explore this together. On the weekly chart, an important point arises – the violation of the previous low. While not a critical support...
AAPL has been on the rise ever since it broke above the descending Bullish Dragon Trend Line and confirmed the middle of the Trading Range as support, but as it's risen, both the PPO and RSI have been consolidating tightly within the Overbought Zone which also aligns with the PCZ of a Bearish Deep Gartley on the PPO; just recently, price has hit the HOP level of...
As the WTI or US Oil is on a sideway movement, it creates fantastic trading opportunities for counter-trend traders like myself. There are 2 approaches I'm looking at in the following week. A Bearish Gartley Pattern at X, a shorting opportunity on the 8-range bar chart, or a Bearish Bat Pattern on the 4-hourly chart. The important candlesticks confirmation on...
ASUS has confirmed a Dark Cloud Cover with some added Bearish Divergence at the 88.6% Retrace of what could be considered a Bearish Deep Gartley. This implies that we could be in for a very big bearish reversal very soon.
Traders who missed out on the previous shorting opportunity may have a second chance at hand with the potential setup of Type2 Bearish Shark and Type2 Bearish Deep Gartley pattern in the market. However, it is important to note that one of the downsides of Type2 setup is its unpredictability, and it may not always work. To mitigate the risk, it is crucial to...