Gartley Pattern AUDJPYWait for the completion of the Gartley Pattern. Price should reverse to targets within the sell area.
Goodluck!
Bearish Gartley
ETHUSD - 30m Uptrend Line Broke, Retest or Find Support?ETH Price action broke uptrend line this morning. As outlined in a previous post on Bearish Three-Drives (or Bullish should it maintain it's sentiment), correction could come looking for support around the .618 Fibonnaci ($115-114 range).
Bears looking to test the Bulls resolve on this uptrend. SMA 50 nearby, and should act as nice support on the 4 Hour Time Frame at $118, and SMA 100 at $113.5.
For you folks on other Exchanges, numbers are a little higher.
Three-Drives Pattern
CADCHF Gartley Pattern Analysis and StrategyGartley pattern has been completed on the 4 hour chart. We are currently shorting the pair with stop above red zone. OANDA:CADCHF
USDJPY-Weekly Market Analysis-Feb19,Wk3On 4-hourly chart we have 2 sell opportunity within the same sell zone and on the M15 chart(left) there is a bearish gartley formation that will be valid if Point C touches 109.70, else trade might be invalid for me.
This Wednesday, 7 Feb 2019, 4.07pm-5.40pm(+8GMT) I will be going through 12 currency pairs on the mid-week analysis
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Dollar - Weekly Forecast 11th - 15th FebruaryThe week ended with the 7th-day consecutive gains, showing how attractive the dollar is which also suggested just how much impact can high-interest rate brings.
Despite the fact that the dollar is on a bull run, it is nevertheless limited on the upside as the dollar reaches and beyond.
The price closed just below the key level 96.7 with a long lower shadow which shows that selling strength is weaker as compared to the buyers but was also due to the expansion in the volume of selling strength.
In short, selling pressure is increasing, buyers are ready to exit and the price will start to fall again eventually.
For this week, the dollar is still expected to climb higher but with strong resistance along the way.
Once the price enters the 2-month supply zone around 97, a ranging market is likely to occur while at the same time, a bearish Gartley is completed.
Whether the price will begin to reverse or not, it will probably take another 1 to 2 weeks to decide.
ETHUSD - Everyone Look at the Bear!There is a massive amount of confusion in the market it seems. These numbers look to qualify for a Bearish Gartley , which would suggest a move to the upside before sending ETH USD to lower numbers.
With everyone calling for 100, 90, 80, is anyone looking the other direction? Trade wisely, heads up for the Stop Hunts.
Good Luck Traders!
Bearish Gartley Pattern :
ibb.co
ETHUSD - Quick Short - Fib Retrace on 30min?Fibonacci Retracement of last move down from $106 to $100 + Bearish Gartley.
.50 Fib leve l would have to hold around Point C ( $103.23 ), then move up to Point D (downtrend line. $105 area) to validate. The last move, did not reach target of $95 (see below), but given the psychological strength of $100 level, I suppose I'm not surprised and maybe that move completes after this one.
Price Action is running out of room next to the downtrend line - previous 4-5 attempts didn't go so well, ending in pretty significant moves down.
Good luck, Traders.
Wait for Volume!
GBPCAD Bearish GartleyPrices approaching to complete a bearish Gartley at 1.8396/1.8406. at the same time, it is approaching to complete a bearish AB=CD near to level of 1.8341. Patterns targeting levels of 1.7867/1.7476/1.6914 . exceeding current resistance would send the pair higher to the next resistance at 1.9097.
NZDUSD formed a bearish gartley pattern NZDUSD formed a bearish gartley pattern
good to short now
SL : 0.69720
TP : Follow arrow
Trade Ideas Position: NZDUSD GartleyDeep Gartley completed at X, my favourite but not for many harmonic pattern traders. It gives me a great Reward:Risk for this trade and is trading on the Resistance.
For this trade however, I will have to observe the close at Pt D, what kind of candle is that before deciding if to engage the trade.
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EURUSD formed a bearish gartley patternEURUSD formed a bearish gartley pattern
around 1.14418 will be a good area to short
SL : 1.14510
TP : Follow arrow
19 HK: Potential xABCD formation for -22% downsideSwire Pacific is the holding company for a HK property developer, Cathay Pacific the airline and Swire Offshore amongst other things. Since its last results announcement, HK property prices, the Chinese economy and oil prices have all cratered. Not exactly a rosy picture for the grand old Hong. Price action is potentially completing a Gartley pattern into a massive weekly downtrend line of a descending triangle which suggest lower demand for the stock on each rally. If this turns out to be a reversal (240M MACD has started to cross over), look for the stock to retest the bottom of the descending triangle at $70 which implies a -22% downside potential with well defined stop levels.
Trade Ideas Position: NZDJPY GartleyMight have missed the trade on retest of double top, however, a better opportunity of deep gartley is formed.
Entry, Stops and Targets share to my subscribers, if you want to be a part of it, just PM me.
Bearish Gartley inside a channel in EURGBPI detected a clear harmonic pattern which is a Bearish Gartley + a channel. A nice R/R with a stoploss above X and targets using Fib extensions
Trade Ideas Postion: NZDUSD GartleyA deep gartley where market close at X and X is at a major resistance both on H1 as well as H4, once market open, I'm going head in for a short.
Entry; Stops and Targets send to my subscribers, PM me if you are interested to join the group.
USDJPY H1 bearish gartley formed USDJPY H1 bearish gartley formed
-> Good entry at symmetrical triangle's support if it validates
-> GTFO If it breaks support
-> Stop loss is your friend.
-> Take profit depends on your risk appetite.
Ripple could pump at any momentRipple has formed a falling wedge with it's apex below a long term support level that has never been broken (data since March 2017 on XRP/USD at Bitfinex).
We also could start to observe a bearish Gartley forming it's C (0.886 retracement) point above the mentioned resistance. With a tolerance limit of 10%, the C point would be valid if we do not fall below 0.277$ per XRP.
Supossing that we go up from that point, we could eventually reach the 0.5$ per XRP and validate the final point for the Gartley.
One way or another, the support line never broken until date means the chances should be on our side if we buy with a stop loss below that support.
EURUSD-Weekly Market Analysis-Jan19,Wk4EURUSD is on its bearish turn, having Bearish Gartley form on daily chart and Head and Shoulders on the 4-hourly chart, right now on the 1 hourly it is on a bearish flag formation.
An alternative to my opportunity to engage the trade could be waiting for a bearish harmonic pattern formation to engage the trade within the red eclipse.
This Wednesday, 23 Jan 2019, 7pm-9pm(+8GMT) I will be going through 12 currency pairs on the mid-week analysis, like and follow our facebook to join us for the session:
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USD/CHF Bearish GARTLEY PatternPoint D matches the previous support and resistance levels. I use 3 TP levels 0.232, 0.382,0.618.Good Luck
Trade Ideas Position : USDJPY GartleyBearish Gartley on double sell zone, and falls on resistance,
A great reward:risk trade for me, for those who have joined our facebook live, good on you, you might have seen my rationale on the trade.
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EURUSD-Weekly Market Analysis-Jan19,Wk3For traders who missed this bearish gartley trade, I will be waiting for retest on point D for a shorting opportunity.
Provided the 1st target is to hit. So to be in touch of my trading ideas, just subscriber to us on Trade Ideas.
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