Bearish Gartley
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Trade Ideas Educator: GBPAUD ButterflyA trend trading opportunity setup once again on GBPAUD chart. The bearish Gartley has already in a valid state for a selling opportunity but I'm just not comfortable for such a strong bullish candle close before market close on Saturday. I would need more confirmation for this.
This trade decision will definitely be an epic 1 for me as it either is a great call for the "Great Escape" and walk out of the market unscathed or it will be the greatest miss in trading of my life.
Alternatively, I can always wait for the bearish Butterfly Pattern setup at a much higher price with a better reward:risk.
What's your call? Comment down below.
Potential Bearish GartleyHey Traders,
If you analyze this pair on the hourly you would notice that we have recently had a violation of structure, with that said we are unable to confirm a bearish bias till we get that 123 move. However, if price action rallies than there is a trading opportunity to short this market at 0.68367 using an advanced pattern strategy called the Gartley. For traders that are aware of this strategy will know that we enter multiple positions, one target taken off at 38.2 retracement and other at the 61.8. I cannot advise where your stops should go that is down to individuals risk management but all I can say it requires to be above the X leg.
Have prosperous week traders, keep tuned for more trading opportunities.
EURUSD-Weekly Market Analysis-Sep19,Wk2Within the double sell zone, forms a bearish deep Gartley and its only valid if Pt C touches 1.1006. Harmonic Patterns there are minimum 8 rules to it and an extension to 15rules if you are very conservative traders that will increase your winning rate but affect your profits as some of the trades you may miss.
Or you can simply wait to engage a short within the sell zone.
BEARISH HARMONIC GARTLEY ADMA FAILED TO BREAK RESISTANCE. THIS ALSO HAPPENS TO BE A BEARISH HARMONIC GARTLEY PATTERN WITH DECLINING STOCHASTIC, RSI AND VOLUME AT THE END OF A KEY FIBONACCI CYCLE.
PREVIOUS REPEATING STAIRWAY PATTERN SUGGEST'S PULLBACK COMING (SYMMETRICAL) . LOOK FOR APPROXIMATELY 618 RETRACEMENT FROM RECENT TOP (RESISTANCE).
DISCLOSURE : I AM LONG ADMA, I MAY BUY/ SELL WITHIN NEXT 72 HOURS. I AM NOT A FINANCIAL ADVISER AND THIS IS NOT A NOTE TO BUY OR SELL.
$SPX - Bearish GartleyA bearish gartley spotted on the $SPX again, with an entry at approximately 2927.20 and a stop loss above 2939.08 (point X).
I'm a bit more hesitant about this harmonic pattern due to the fundamentals of restored optimism of China wanting to make a deal. Awaiting more clarity following the tariffs going in place on September 1st.
Any thoughts on the current environment?
BTC, Traps set for both Bears and Bulls?This idea gets invalidated very quickly if we lose the C position and go lower but I think traps are being laid for both bears and bulls with a bearish gartley potentially taking us up to 12200 areas hurting many bears on the way up before euphoric bulls get heavily dumped on all the way down to 8500.
As I said, this idea gets invalidated quickly but if we start to move up from here, keep it on your radar.
Good luck out there!