Bearish Gartley
BEARISH GARTLEY PATTERN ON EURGBP DAILY CHART ALREADY IN PROFIT!Hello traders,we have a counter trade for you as we have already an excellent bearish gartley pattern on daily chart.
Due to my work office i couldn't post this trade earlier despite i have already taken it.
But as it looks from the Stochastics we will propably have another re-test and another chance to involve in this trade,despite that it offers a good reward/risk ratio from these levels also.
POSSIBLE TRADE:
BUY STOP AT 0.88900
ENTRY PRICE WITH PENDING ORDER IF YOU WANT TO GET INVOLVED AT NEXT RE-TEST AT 0.88530 TO HAVE GOOG POSSIBILITIES GET FILLED WITH NICE P/L RATIO
FIRST TARGET AT 0.86700
SECOND TARGET AT 0.85300
THANK YOU FOR SUPPORT!
HAPPY TRADING AND OF COURSE HAPPY PROFITS!
Copper Retrace - Bearish GartleyI'm expecting a Copper Retrace -- (Bearish Gartley) Target 1 2.6098, target 2 2.5830 & very unlikely target 3 2.5563. Note that I see metals as a higher risk play with the Equities Markets being this high
GBPUSD - Price locked between 2 Harmonic PatternsSince price broke higher the sturucture level(purple one), GBPUSD is in a sideways move, which is perfect.
Sideways bread advanced patterns, and we have 2 potential advanced harmonic patterns on 15M.
If price goes higher we can short the Bearish Gartley, or if price goes lower we can buy it up - no matter what the price do next, we've locked it :)
Good Luck
Bearish Gartley pattern on AUD/USD daily chartWe have almost a completion of a bearish gartley pattern on daily chart of Australlian dollar at 1,27% Fibonacci extension of AB leg of the formation.
If we take into consideration our view on Gold which is bearish and highly correlated with AUD we might seeing the completion of a bearish Gartley pattern and we won't have the oppurtinity to see the bearish bytterfly pattern as i stated in my previous article.
Nice price action with the wick at these levels right now.
If we exceed the resistance area shown at the chart then we propably have a bearish Butterfly pattern as showed in my previous article.
POSSIBLE SHORT TRADE:
FIRST TARGET T1 AT 0.7500
SECOND TARGET T2 AT 0.7450
BUY STOP AT 0,7580
THANK YOU FOR SUPPORT
HAPPY TRADING!
usdjpy bearish gartley ideaIf this follows the pattern to the dleg I will jump in on a short for this pair.. Just an idea to keep an eye on. I do chart things earlier than the pattern confirms but that gives me more validation and a wider eye to watch the patterns form and be ready for a confident trade.
AUDJPY Gartley bearish at key resistanceA Gartley advance pattern trading setup is forming.
The D point would be at a key resistance level , market has a consolidated bias which favors pattern creation and confirmation. There is also AB=CD completion above Gartley's D point. The AB=CD pattern trading rules indicate the entry point few pips BELOW D. RSI and price action would be our guide but right now if market moves to that level short entries look inevitable considering the great risk/reward ratio.
Stay tuned
With regards,
Michail Sideris