EUR recent spike up has failed to break and close above the previous high level at 1.20700. in doing so has put in a Valid Bearish Gartley Pattern. it has surpassed the traditional D leg completion level (was holding a long position hence why I did not take the trade at that level)
I am treating this as a reversal trade due to the euro testing a higher time frame...
Late post on this but orders have now been filled on this pattern formation short. Just hanging around the entry zone at the moment - Let's see if price makes its way down to hit our targets!
US Oil Inventories number coming out in about 20 minutes, not directly related to this pair but as we are vs the CAD in this trade we might see some increased action around...
FOREXCOM:GBPUSD Has been consolidating within a tight range for the last few hours and is setting up a potential Bearish Gartley pattern within that range.
If the pattern should complete then I would be looking for a selling opportunity back into the lower support lines of the channel/range.
If the pattern does complete, I would be looking for an entry condition...
from price action recent big move to the downside it has pulled back into structure. in doing so has formed a bearish gartley formation.
I am already live holding 2 positions. Entry was at 1.30156
stopps at 1.30347
1st Target 1.29862
2nd Target 1.29658
Price as recently pushed up into the entry zone (D Completion) to form this advanced gartley. looking to take 2 targets for this trade. once target 1 is hit I will be moving stops to break even.
will be a long trade so patience is the key
here on the chart you can see 15m timeframe on NZDUSD. This Gartley lines up pretty well with a former structure level that could act as resistance now. Therefore, the likelihood of this trade is increased by that. Stops above X, targets as usual for harmonics.
If you have questions, or if you want to share your view, feel free to comment...
i know what you may think, probably after one day like this for the pound you wouldn't even consider a shorting possibility. However, patterns are always repeating, and our job, as techincal trader, is to find those patterns and keep trading them.
So here on the daily timeframe on the GBPCHF you can see that the today's rally has brought price up to the...
just wanted to share with you this Gartley formation that i think may be good to take. The bllue box represents a higher structure level and so the likelihood of this trade is increased by this factor.
Stops above X, targets as usual for harmonic patterns.
If you want to share your view, or simply ask questions, feel free to comment below.
May have a bearish Gartley formation if price action pushes up to the 139.576 zone. if price action does reach the zone will be looking to get in aggressive with to targets.
1st target 138.686
2nd Target 138.074
just wanted to share with you this setup that i'm selling right now. As you can see we have a nice Gartley pattern and right at the D point price has created a double top. Stops above the highs, target at the 382 and 618 retracements.
If you want to share your idea or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
today i want to share with you a simple harmonic pattern that's about to complete on this pair. I think this could be a good sell since price is coming up to retest an important structure level on the daily chart.
Stops above X, targets as usual for patterns!
here we are on EURNZD and on the 4hr chart we're going through a period of consolidation. As you may know, in this kind of scenarios, harmonic patterns appear very often. On the chart above there's a Gartley and a Bat completing at the same level. If you're a pattern trader you should take this.
Stops above X, targets as usual for patterns.
If you want...
if you are familiar with harmonic pattern you'll know there are two Gartleys setting up on AUDCAD.
A bearish one and a bullish one, so we have a decent opportunity anyway. This is called "bracketing the market" and it could happen very often with advanced pattern formations.
Both patterns are valid, but the yellow one is in accordance with the major...
for those of you who day-trade advanced pattern formations there's a Gartley pattern completing at 1,0904s on 15m AUDNZD chart. I'm already involved with this pair (see attachment) so i'm not taking this one, but i wanted to share with you anyway,
Stops above X, targets as usual for pattern (better risk/reward ratio with such a deep Gartley).
If you want...
two different setups on this pair, there's a Gartley formation already completed and a 2618 that could be completed on the next hours.
As you can see in both cases we can earn some profits, keep in mind that this particular time i'm going to use 1 single target for the pattern (at the 2618 completion) with stops above the X.
If you want...
as you can see above in this pair price has recently created new lows, breaking structure to the downside. This tells us that price wants to go lower, therefore we can look for shorting opportunities at structure level, such as the broken support that should act as resistance once it was violated.
In this zone it happens to be the D point of a Gartley...