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GBPJPY - Bullish Deep GartleyWait for it... The Range Bar chart has given me to short this pair at 156.09 and has exited at 155.36, a total of 73pips which translates to 639.75USD/lot traded. If I were you, I will not immediately engage the Bullish Deep Gartley Pattern, even when it is a trend trading setup formed within the Buy Zone or known as the Demand Zone. With such a strong bearish movement, it is a great idea to wait for the candlestick to pause and reversed. It is ok to miss a trade, but what's not ok is to return the profit back to the market.
Long
by RaynLim
GBPAUD - Bullish Deep Gartley Some traders may read this as a type 2 Bullish Bat Pattern but are certainly not for me. If you are having that conclusion by reading the candlestick pattern, you aren't wrong, but once again not for me. I would prefer to engage the trade based on the latest Harmonic Patterns formed in the chart, which is the Bullish Deep Gartley Pattern. The Deep Gartley Pattern form near the Buy Zone within the 4-hourly chart. Have a closer look at this on Monday if not latest by Wednesday, it should form up if it is meant to.
Long
by RaynLim
1
GBPUSD-Weekly Market Analysis-Jan22,Wk4We are already in this trade. The 1-hourly chart Bullish Shark Pattern, check the link within the TradingView for more insights on this trade. But if I were you, I will wait for a break and close above of the blue trendline that was highlighted in the chart, that will give further assurance on the trade, but you will have to trade it off with the better entry price you are getting at this moment and the RSI has a RSI Divergence at this moment, but I were you, I will be waiting and that is because there is a Bullish Butterfly Pattern that complete at a lower price at its 4-hourly chart. To be honest, even within the Butterfly Pattern in the 4-hourly chart. It is definitely a good idea to have one more filter checked off. What would it be like for you? 1. Engage Now 2. Wait for candle break and close above the trendline 3. Wait for Bullish Butterfly on the 4-hourly chart. Comment down below.
Long
by RaynLim
6
EURUSD-Weekly Market Analysis-Jan22,Wk4If you remember what we spoke about last week you would have seen how the market fell and was held by the trendline which is part of the Ascending Triangle. You would also notice how the candle respects the trendline, bounce off of it and refused to break and close below the trendline. If you had shorted when the market break and close below the support you would earn approximately 97pips, that is 970USD per lot traded and if you would have long from the trendline, at this moment you would have earned approximately 42pip which is 420USD per lot traded.(check out the link within the TradingView post) What has passed, has passed. This week I'm waiting for a Bearish Shark shorting opportunity or a retest of the trendline, perhaps a formation of Bullish Gartley or a Bullish Bat Pattern setup for a buying opportunity in this trend trading setup.
Long
by RaynLim
4