Bearish Gartley
Trade Ideas Position: CADJPY GartleyBearish Gartley setup within sell zone as a trend trading setup. I will be waiting for a retest to engage the trade. Do note multiple JPY related pairs shows and produce a selling opportunity.
Have a look into your thought process to see if your trading rule forbid you to do so.
Bitcoin - Big swings ahead?Short term this is a bearish analysis, long term, I'm rather bullish on Bitcoin BTC from the the $9,500 region but it may be a while before we get there.
So far we've completed the first and 2nd wave of what appears to be a bearish gartley forming, ending in the low $13,000 region. This would put a target down to the $9,500 region.
My gartley is invalid if we do not go down the $10,800 region and bounce from there.
Extreme short term I believe we have a bear flag getting ready to take us down to the first target of $10,800.
Good luck out there everyone!
Trade Ideas Educator: GBPJPY GartleyGBPJPY is on a bearish trend. Gartley Pattern happens on both time frame having a 4-hourly chart as a bearish Gartley setup and 1-hourly chart, a bullish Gartley pattern as a counter-trend trade.
How many trading opportunities within this trading analysis?
What's your trade plan on this?
Comment down below.
EUR/NZD Technical analysisThe counter has formed a bearish gartley pattern.
Further, the bullish leg move can be construed as a ABCD pattern.
The RSI indicator is lurking in the overbought zone.
And a bearish trendline is capping the bullish move.
Hence, we expect the confluence of resistance to act together and initiate a bearish move to 1.70397 and 1.69833.
NZD/CAD Technical analysisThe 2 Hour chart of NZD/CAD has formed a bearish gartley pattern.
It is currently facing resistance at 1.618 Fib extension which also interpret as bearish ABCD Pattern.
Also, the RSI indicator is lurking below the oversold region.
Hence, we expect the pair to move to the support 0.88385 for now.
USDJPY HARMONIC COMPLETEDThe USDJPY currency pair took a nose dive over the past week due to to global trade wars currently underway. The USDJPY pair fell over 100 pips on Friday afternoon, May 31, 2019 which completed the BC leg on this identified bearish Gartley. I have also identified a bullish Gartley on the 5m-15m timeframes confirming the bulls entering the market after the massive decline Friday afternoon.
My exact entry was performed on the 15m timeframe chart.
Happy Trading and ALWAYS Manage your risk.
EURUSD-Weekly Market Analysis-May19,Wk5Market once again went into consolidation. Let see if it will be a qualified bearish gartley pattern. I often love to plot the chart and draft an idea of what I'm waiting for.
Trading can be as simple as this. I'm waiting at near the resistance(red line) to short, or near the support(blue line) to long.
Let see how this trade rolls out in the coming week.
MTH LONGStop loss and long targets identifed (eoy ?)
Don't hesitate to zoom in ; it's in order to see the whole picture.
I also identified bearish and bullish divergences on RSI (including hidden ones).
Like and subscribe if you like the content !
Zakaidze Omar