slindstr

slindstr

Assuming this Gartley pattern isn't invalidated by D exceeding X there might be a nice run up on the hourly chart. I like this pattern because the candle at Point B (the wick) had a close really close to the 0.5 line and Point C is really close to the 0.236. I also really like that there's a second Gartley pattern in there too (even though the ratios aren't...

slindstr

Potential Bearish Gartley on the 4 Hour Chart: To enter, drop down to the 60 minute and wait for a the retest of the 0.618. If it fails to break short at that level and place a stop just above the .786. Since we're in a downward trend you can take profits at the .382, .236, or lower if you're feeling daring!

slindstr

Assuming the pattern doesn't get invalidated by D exceeding X: BUY @ 1.2380 SELL @ 1.2360 (SL) SELL @ 1.2420 (TP) Risk: 20 Pips Reward: 40 Pips Also worth noting news that could affect EURUSD: 10:00 GMT (EUR) Retail Sales YoY 12:00 GMT (USD) MBA Mortgage Applications 13:15 GMT (USD) ADP Employment Change 15:00 GMT (USD) ISM Manufacturing PMI

slindstr

We potentially have a double top for GBPJPY on the 60 minute chart. If we close with the top of a candle or wick at 186.914 in the next hour or two we might see a reversal into the 185.83 area. SELL @ 186.37 BUY @ 186.91 (SL) BUY @ 185.83 (TP) Risk: 54 Pips Reward 54 Pips

slindstr

Potentially have a Gartley Sell pattern on the 60 minute AUDUSD. While the ratios aren't 100% right, if you look further left you'll see that D lies in an area of previous structure and coupled with an increasing RSI it seems reasonable to assume there will be some downward action at that point. SELL @ 0.8566 BUY @ 0.8615 (SL) BUY @ 0.8489 (TP) Risk: 59...

slindstr

(See the edit to Gartley #1 in the comment below) Looking at the 4 hour chart there are two potential Gartley patterns setting up: Gartley Buy Pattern (purple): Buy @ 1.9870 Sell @ 1.9770 (SL) (Note the typo in the above chart) Sell @ 2.0084 (TP) Risk: 100 Pips Reward: 210 Pips After the Gartley Buy, we also see a potential Gartley Sell with the CD leg...

slindstr

I've never traded a Bullish Penant before, but I think this is one because we had a sharp climb in price followed by consolidation with slightly lower highs and higher lows. To trade this, place a place a limit order right above the penant (maybe 186.083?) and once you're filled place a stop below the most recent low in the penant. To estimate where we're headed...

slindstr

Looks like we might have an AB=CD buy pattern on the 4 hour for AUDUSD. Using the Fibonacci Extension tool, I think the CD leg will complete at 1.217 giving us an entry point @ 0.8427. If the CD leg takes around as long as the AB leg to complete (17 bars) that puts this trade on the calendar at the end of Monday or the beginning of Tuesday, but time will...