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Bearish Gartley

EURUSD 240 The Devils Gartley?Greetings, On the chart you see two overlapping gartley patterns of which point D would be at 1.0666, a perfect number for a short. The chart counts two invisible pitchfork tools of which I have only left the intersecting trendlines at D. These pitchfork trendlines are the dotted blue and dotted purple lines. If requested I will post the chart with the pitchforks visible. The horizontal dashed line speaks for itself, it obviously plays the role of a solid support & resistance line. The grey line crossing B has touched the bottom of 2017-01-03 at 1.0340, price has been dancing around it as you can see. Then there is the last trendline, the orange one. I drew this one as last and found it had been respected several times in the full past year. As a first target you could pick the 61.8% fibonacci level of CD at which a flag was formed last friday, although you could take full profit as the risk - reward ratio is splendid. I would also like to note that if you draw a harmonic pattern from the highest point in this chart, which is 1.0828, and use 1.0666 as B it will show you a potential bat pattern. Thanks for stopping by and happy trading!
Short
by dinnersticks
Gartley pattern at market at Daily StructureHey guys, as you can see above in this pair price has recently created new lows, breaking structure to the downside. This tells us that price wants to go lower, therefore we can look for shorting opportunities at structure level, such as the broken support that should act as resistance once it was violated. In this zone it happens to be the D point of a Gartley formation that provides a nice short entry. Stops above the X, targets as usual for patterns. If you have any question, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
2
Gartley pattern at market at Daily StructureHey guys, as you can see above in this pair price has recently created new lows, breaking structure to the downside. This tells us that price wants to go lower, therefore we can look for shorting opportunities at structure level, such as the broken support that should act as resistance once it was violated. In this zone it happens to be the D point of a Gartley formation that provides a nice short entry. Stops above the X, targets as usual for patterns. If you have any question, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Good confluence on CADCHFHey guys, i want to share another type of analysis today that i really enjoy doing: it is called CTS and it stands for Combined Tecnhical Score. It basically consists on finding more reasons all together in order to increase the likelihood of the trade itself. First, i want to select my trading zones by using higher timeframe structure: the blue box i've drawn actually represents the daily structure zone, where i can look for trading opportunities. In addition to that, i've found an AB=CD 1.27 pattern completing at the same exact level of the Gartley's completion. Both end up right at the psychological number (0,7700). All these reasons make me feel more confident on this trade. But as a conservative trader, i think i'm going to watch for price action to send me weakening signals and then sell at market. I'll keep you updated. Feel free to write below if you want to ask quesions. Otherwise, see you in the next chart!
Short
by Roker1