Multiple harmonic patterns on AUDCAD 60m. Cypher, bats, butterflys & 222
This is a Pattern week as it develops. Extremely nice obedience of the market to the advanced patterns that are coming up. One more to play on NZDUSD
Hello, I want to verify if there is any possibility that this Gartley Pattern can work.
~222 is the spot (give or take w. time) Look for a small pull back to the 2's followed by some nicely timed news to give the market another push higher If the bounce at 222 doesn't make new highs, bear market could be imminent If the 2's don't provide any support at all........ proceed with caution
A bullish '222' Gartley pattern is forming with entry point D resting exactly upon the trendline. FX_IDC:AUDCAD Entry point : 1.0061 Stop Loss : 1.0007 Take Profit 1 : 1.0136 Take Profit 2 : 1.0182
So this is not meant to be very serious but I've seen recently some values do fit and due to the importante of these fib retracements it could happen. I actually see the C rather in the 0.382 but I tried to make it fit with an old trendline. It is bullish to me anyway but where it will stop is the real question :)
298/134 BREAKEVEN @ 149
A bigger 222 Gartley and a smaller Gartley pattern inside. IF the smaller Gartley completes first and it does NOT violate "X" then the bigger Gartley would still be valid. R:R will be less than 1:1 to first targets.