Bearish Gartley
EURJPY - Short - 2 Precise HarmonicsBearish Gartley (Blue) and Bearish Crab (Orange)
Both RSI and OBV seem to be heading into resistance. RSI currently at 65 so not a whole lot of room to go up. Looking for OBV/RSI to break below trendlines.
Red box is important order block on the 4H in this price range, 132.2 makes sense for SL.
1W cloud just turned bearish and USDJPY has formed bearish butterfy; Black horizontal is important weekly S/R
Entering at 131.35 with orders layered up to 131.9
Initial targets of 129;128.5
Short Gartley pattern on AUDNZDHi guys,
there are some instances where i trade directly at the D point of an harmonic pattern, and this is one of these cases. Reason why is that price has been rejected from a major resistance level and right afterwards it created this simple harmonic formations known as Gartley pattern. As of now, i'm looking to short the D completion point and set targets with the green lines and stop above X (red line).
If you have ideas/questions, feel free to comment beneath.
Otherwise, see you in the next chart!
Short EURUSDlooking at a short term short on the EURUSD with what appears to be the completion of a Bearish gartley and the completion of a ABC corrective pattern. looking at a multi day short if Friday's low is taken out. The higher time frames are all in the overbought condition
Short term TGT 1 is 1.16714
TGT 2 1.16058
EURUSD Gartley Pattern (Bearish)?Today we have seen this pair push well below our trendline which indicates a lot of selling pressure from the bears. After yesterday's daily close (indecision) and today's rejection off of the low 1.1690, the scale slightly favors the bears. With that said, we are looking at the Bearish Gartley pattern. I don't trade these patterns often but feel free to correct me if I'm wrong.
Happy Trading, folks!
Cheers!
EUR/USD - Two Potential Setups (Gartley and Deep Crab)Quick post ahead of market open, I'm looking at EUR/USD on the 1h chart with a bearish gartley and bearish deep crab pattern.
The first formation we will need to assess in real-time upon completion is the bearish gartley, we need to determine if the reversal will take place @ 1.17800 or 1.18415.
I will be focusing on the 15m and 4h chart to back up my analysis and optimise entries.
As always I will keep you posted on the patterns progress and if the trade is executed! I'm still short on EUR/JPY.
You guys know how it goes... Like, comment and share ;) have a good week!
EUR/USD - Bearish Gartley + RSI ConfirmationHello, traders!
Today, we are looking at a Bearish Gartley Pattern on the 4H chart with EUR/USD.
Price seems to be stalling out with the RSI confirming price has been over bought.
Let me know what you all think!
The measurements for a valid Gartley Pattern are detailed below:
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
EUR/JPY - Bearish GartleyEUR/JPY is now restesting the PRZ of a bearish gartley on the 1h chart.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.13 - 1.618
Final X to D: 0.786
Use the 15m chart for entries! Minimum 1:2 R:R trade.
Safe trading everyone!