This pair has been setting a series if higher highs and higher lows.
Waiting for retest of previous level of structure to find reasons to get bullish.
Possible reasons would be RSI going oversold
Long candle wick formation to the downside
candlestick formations - engulfing bullish candle after a doji
Stops are ATR based from previous level of structure
Targets...
Gartley patterns, like any other advanced harmonic patterns, are formed from retracements and extensions, all Fibonacci based. Trading these kind of setups will require you to do a good number of backtests to be able to quickly identify when such patterns start forming. There exists a set of rules behind the formation of such patterns that should be followed...
GBPUSD has been bearish on both the daily and 4h chart. We have seen it setting a series of lower lows and lower highs. As a trend continuation trader you will be looking to short sell this pair but you have to build up on confluence and determine your exact entry and exit points. From my analysis , I was able to detect a potential gartley formation formation on...
Breakouts and Breakdowns are one of the most efficient ways of trading and analysing the financial markets. It is a stratedgy, if well understood, can be applied over various asset classes from high cap stocks, low cap stocks, currency majors, futures, cryptos etc.In order to use this stratedgy, you have to be able to read the tell tale signs left behind by big...
For educational purpose: Price on this pair has recently been bullish. It has set out a series of higher highs and higher lows and showed consolidation tendencies around 19th november caused by the bullish returns on recent oil prices after oil hit its 12 week new low and started correctional movements. Fundamentally you should be able to know what impacts oil...
We have a potential gartley formation on the EURUSD on the 4h timeframe. X to A bearish impulse leg followed by a .618 A to B fibonacci retracement and a 1.272 to 1.414 B to C fibonacci extension. Long opportunities at .786 C to D completion of X to A retracement. For conservative traders, there will be shorting opportunties from the .738 C to D Gartley...
Bearish impulse leg X to A. We have a .618 retracement A to B of the X to A impulse leg. B to C fibonacci extension between the 1.272 and 1.414. Waiting for the C to D completion at .786 of the X to A impulse leg retracement for shorting opportunities. One can look to go long from C to .738 CD completion of XA, however if you are conservative, you can wait for...
Correctional movement in the market as Prices hit a retracement at 0,5 fib and faces Support from previous resistance. RSI at 32 indicating an oversold in the market
