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Bearish Gartley

Bearish Gartley 4HREUR recent spike up has failed to break and close above the previous high level at 1.20700. in doing so has put in a Valid Bearish Gartley Pattern. it has surpassed the traditional D leg completion level (was holding a long position hence why I did not take the trade at that level) I am treating this as a reversal trade due to the euro testing a higher time frame structure level and failing to break and close above the 1.20700 level. Taking 2 Traditional targets Target 1 1.19786 Target 2 1.19262
Short
by LukeFagan
CADCHF is resting this week CAD/CHF 's Double top formation on the Daily chart has finished forming around the .78 level; market has failed to create a higher high while respecting that long-term resistance level. For Elliot Waves, the market has been patiently making the 123 impulse wave pattern, and now it has to go south in order to form the 4th wave. the 4th wave may go down as long as it does not interfere with wave 1's range. this is valid for .382 and .50 Fibonacci levels of the 123 major upwards move. In addition, the Gartley formation (XABCD) adds confluence to our logic by suggesting to go short after the D point (around .78 level) Taking Profits: Traders are advised to take 50% of the profits around TP1= 0.754 while keeping the other half open until hitting TP2= 0.746
Short
by adamwillis
EURNZD - Bearish Gartley PatternAnother completed pattern ending with a bearish neutral daily candle for EURNZD. RSI has hit overbought level, may have a chance for reversal but we do not have a clear signal to short yet. R:R is 1.3 (TP1) and 2.2 (TP2). Use lower time frames (H4 and H1) for better entry points, suggest to wait for price to at least get back to PRZ before shorting. Once again, exercise risk management. Adjust your lot size as we are looking at daily charts, SL is higher.
Short
by lyl89
1
USDCAD - Bearish GartleyUSDCAD is on the last leg up to completing a bearish Gartley formation between 1.27313 and 1.27373. On the way up USDCAD put in a 61.8% Fib retracement, which predicts a 1.318% extension which we have used as the top of our kill zone. A Gartley pattern should complete around the 78.6% retracement of the X-A move, which lines up nicely with our 1.272% Fib inversion level. This Fibonacci confluence together with the completion of a profitable pattern gives us great confidence in taking this short position. Keep and eye on USOIL and adjust targets accordingly. Stop will be above 1.27450.
Short
by Mase_00_7
6