USD/CAD has broken a long term uptrend and is now stuck in a bearish channel. It looks very weak at the moment but if it can make its way back up to the top of that channel the risk reward for this trade can be advantageous. I would expect a lower high followed by a lower low.
A POTENTIAL SHORTING OPPORTUNITY DEVELOPED THROW THIS BAT PATTERN
Bearish Gartley Pattern Rules, If any rule is violated, the pattern is invalid. The same rules can be used for a bullish gartley pattern.
The Case for annual markup. im not an artist. thoughts :)
- Gartley pattern projection - Divergence present - Waiting for pattern completion Meanwhile, on H1 chart, a 3D pattern can be taken in accordance with H4 chart pattern
Looks like completed bearish shark pattern. Looks like uptrend loosing power. Maybe hacks steal was the trigger for down trend. On 1H chart we broke 240 MA, made pullback. We are on top of trend line, third attempt. If it holds we could go down.
Pattern will complete at the 127.2 extension of A>B. Entry: 0.98274 Target 1: 0.97616 Target 2: 0.97198 Stop: 0.98931
Actually I noted this pattern when I came across a ping in my private messages..else I might have skipped this. Here we have a bearish shark pattern ( I usually don't prefer sharks, bcos they are as dangerous as their name :) ). Its completion zone for LT is exactly in resistance zone, based on valid reversal confirmation I will initiate short positions here. If...
Hello Traders, We have a potential Bat pattern completing at around 0.7486 This presents an opportunity to go short. Target 1: 0.7434 Target 2: 0.7386 Feel free to follow, like, comment and share. Instagram: KashMarkets
BEARISH PATTERN FORMING ON HOURLY CHART. ENTER SHORT @ 1.3532 , SL- 1.3600, TP 1 - 1.3375, TP 2 - 1.32928.
As we see we have a very nice double top pattern. Price has tested the neckline and made little correction, what I am looking is the price to break this neckline which will be a nice opportunity for bears to go short. We may choose more conservative way to get involved in, when the price breaks the neckline wait for the retest and then sell. However there is a 3rd...