Labels are on chart, feel free to ask any questions.
Labels on Chart indicating price movement
Text notes have been included on the chart.
The arrows shows the price movement
The Red rectangle line : Supply The green rectangle line: Demand Arrows: Trend expected Price will hit either level then a reversal would follow.Look out for confirmation such as chart and candlestick patterns before entering the trade. Enjoy the ride.(45-50pips)
Anchored Text on the chart shows: Gartley Formation, 2 bottoms, Resistance at bus stop 1 and 2.
Chart indicates support levels
The Gartley pattern is still on formation. With a complete waves formation the price is most likely to retrace either 1.111 or 1.1096. If the first Resistance holds then the price is likely to bounce off that continuing with the Gartley Pattern. Waiting for the price to reach at 1.111 or 1.10962 but both target are safe to buy unless it breaks 1.10962.
In the past I had came up with a mathematical timeframe that helped me predict price drop,range and rise. The idea I published before is still on profile. If this works I will publish more and eventually share my secrets to the hungry ones.
4 hrs there is a double head and gartley is forming at the same time. 1 hr there is head and shoudlers and if it breaks the 1.2960 level we are looking at 1.3080