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GBPUSD-Weekly Market Analysis-Jan22,Wk3Do you remember that last week, I've shared with you the Gartley Pattern on GBPUSD is not going to bring us profit? That's possible if you understand how to read the candle movement and be familiar with Harmonic Patterns and its hidden move. We have a potential Bullish Bat the forms within the Buy Zone of the GBPUSD. I'll be waiting for the candle confirmation to execute the trade. Check out last week analysis within the related ideas in TradingView.
Long
by RaynLim
2
EURUSD-Weekly Market Analysis-Jan22,Wk2A Happy New Year to you. Yes, we are back on our Weekly Market Analysis, how have you been? EURUSD on the 4hourly chart we have a Bearish Gartley Pattern that will be good for a shorting opportunity as the candle respected the PRZ zone of the Gartley Pattern more than the 1 that form in the GBPUSD. Check the comments at the bottom of TradingView for quick access. However, breaking and closing above the red line or X for the conservative traders, and that will change our perspective and may not trade the Harmonic Pattern as the ascending triangle got back on track. I'm waiting for market open and will engage the trade 2hours after the market open. If the market gap up, I will forgo the trade.
Short
by RaynLim
GBPUSD-Weekly Market Analysis-Jan22,Wk2Compare to EURUSD, the GBPUSD Bearish Deep Gartley Pattern isn't as promising. There are 2 reasons for that: 1) The candle break and close above Point D, the PRZ. 2) Point BC has a violation. You can DM me on the reason for the violation and I let you know if you are on the right track. However, if you are a 4-hourly chart trader, you can wait for candle confirmation to engage a counter-trend trade not because of a Double Top but a retest of previous high with RSI Divergence.
Short
by RaynLim
GBPUSD-Weekly Market Analysis-Dec21,Wk3Undeniable GBPUSD is on a Bearish run. However, there is a chance that the counter-trend traders may push, once the market break and close above the Buy Zone(blue) especially on the Daily Chart, the Blue wins. For Harmonic Patterns traders or trend traders, there is an unbroken Bearish Gartley Pattern on the 1-hourly chart that is ready to be traded once the market open. The only downside of the setup is that Point C touches Point A. We can argue that Point A has an ultra-long candlewick, but rules are rules
Short
by RaynLim
4
NZDUSD - Bullish Deep Gartley @ XI know, I know... Lots of Harmonic Traders will not take this trade. But personally, I've tested this particular formation for more than 5years and it works perfectly for me so I'm going to take it. Deep Gartley Pattern at X is my favourite setup as it gives 1 of the best reward:risk ratio which happens to be the top 3 filters in my list. Combo with long shadow candles and counter-trend level off the daily chart became the best setup I could find. I've made my decision within seconds when I spotted this setup. Trading doesn't require you long hours starring at the screen and waiting for it to hit target or losses, you just let it run and set an alert at the right place. These became easy when you have a good coach that teaches you how to and where to. Check out my signature at the bottom
Long
by RaynLim
2