Looking at the Daily, Alpha FX has rallied in a long XA leg up to 850p (point A), price retraced just past the 0.618 retracement level to point B, then bounced and retraced to the 0.618 retracement level of AB at point C. Look for price to bounce and hit the 1.272 extension level of line AB at around 610p in early October. If it does, go long. First target is at...
Pair is now forming a potential bullish gartley pattern completing at 1.50785. RSI is confirming buy signal as its reading is below 30 already, so we might see an RSI divergence at the completion if bears push price any lower. ATR based stops below the Gartley starting paoint X.
I remind you that this is just my vision about possible market movements. If you...
Btc could be fall at the and of the gartley, then could bounce up! As i said in the old chart, these days will be very important. A daily closure under 9000 usd will bring the price down. 9000 usd is an important support as you can see. Stay tuned guys :)
Since Euros recent slow spike to the upside we currently have a retracement in place. price action has been pushing down to a previous structure around 1.19200 zone. In doing so has formed a a Gartley Pattern
Looking to take 2 targets for this one
Target 1 - 1.19258 (38.2 Retracement)
Target 2 - 1.19350 (61.8 Retracement)
today i want to bring an harmonic pattern to you. It's a Gartley pattern and its completion will be around 0,84890.
Remeber to put your stop loss below X, targets at the 382 and 618 retracement of AD leg.
If you have any question, feel free to comment below.
this is a very short term trade on USDCAD. You can see i'm using 15min timeframe, but as usual my analysis starts from higher timeframe. On the 4hr price has recently broken a period of consolidation to the upside, so i'm expecting it to continue higher.
That's why you see those targets, this is actually an advanced pattern entry for a trend continuation...