mwc742fx

mwc742fx

Gartley completion and potential sell opportunity on the daily timeframe.

mwc742fx

This is a Daily /4HR set up. Price has reacted to golden zone and has started to trend up. If price breaks above TP3, there may be huge potential on the up side. The bias is bullish for now.

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Looking for the buyers to potentially show up in the Golden zone. I will have a tight stop loss if I enter in this area. There is a possibility that the price could drop deeper to the demand zone. This is TA. Let's see how this plays out.

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NASDAQ left a demand zone and is making higher highs. Potential buy set up, after price broke back above the daily trendline and held.

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Looks as if the “C” point has print and I’m looking to ride EJ up to the “D” point.

mwc742fx Updated 

Hey Traders! Well our C point printed on the .50 Fib level area and started to push to the upside (which is valid parameters for a Bat pattern). We are looking for price to push up to the demand zone to print the D point. Let's see how it plays out.

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It's a little early to call, but The "B" point rejected perfectly at the .50 Fib level. With the break and retest rejection of the daily trend, price may want to push down to the demand zone to form the C point. Let's see what the market gives us. Happy Trading. :)

mwc742fx

There may be a potential gartley pattern forming. The "C" point is valid unless a break below the .886 Fib level. Looking for price to push up to the D point to complete the pattern.

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We are waiting for confirmation of rejection at the Cypher "D" point for potential sell opportunity. It maybe a short term scalp because AUD is very strong and the DXY has been very weak.

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Potential Gartley D Leg buy idea. This trade was executed on the 1HR time frame around the .786 area.

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AUDUSD Gartly is almost complete if the "D" Leg makes it to the .786 zone (it's close). If price rejects in that area, I will be looking to sell the "D" point. T

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The C point is forming on this potential Gartley pattern. I’m looking for price to reach the .786 for a nice bounce to the upside.

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On the 30M time frame a nice Gartley pattern is forming. The C leg is currently active. Looking for a short scalp back to the Supply zone looking to take profit at the .786.

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It looks as if there is a potential butterfly pattern forming on GA. The C leg is currently showing rejection at the .886 PRZ level. If price breaks below the orgin point of the swing low to high the pattern will be invalid. If price holds the zone and the buyers show up price could push to the D leg. How do you all trade harmonics? Do you only trade the D leg?

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GM traders. My previous trade idea is invalid based on price making a higher high. The buyers seem to be in control (for now). I am now looking for a retest near the trend line for a continuation to the upside.

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On the 4HR AU is in a consolidation zone. It has completed a Gartley pattern and is currently in line with a Bat pattern. If the market opens in a gap toward the upside the Bat pattern will be invalid but may still move down after hitting the larger area demand zone

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EURCAD has been on a nice uptrend and slowed down in this consolidation zone. The Gartley pattern is playing out so far. Because its is Monday I will let the D leg form for a potential sell around the .786 or 1.127 extension. If price pushes pass the D leg, then trade will be invalid.

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Price has rejected in an area of supply. A butterfly harmonic pattern may also be forming. This is a monthly time frame so it may bounce around a lot before dropping off.