NZDUSD 1H Gartley @ 0.7301Bearish Gartley at 0.7301 level. Fib ext of A-B leg. Stop loss at 0.7323. Target 1 at 0.7261 and Target 2 at 0.7252.
Bearish Gartley
Now NZDJPY is a short!Hey guys,
after being correct in predicting the upward move on this pair (see attachment) we took our profit near 83.00. Now i changed my mind, just watching price action. I'll explain you why.
Basically we are testing a strong resistance zone, both in the daily and in the weekly, therefore we could expect some strong resistance here. In addition to that, we also have a Gartley completion right there, together with AB=CD pattern and some Fibonacci extensions. The Gartley is very deep so it provides a very good risk to reward.
Nonetheless, being a conservative trader, i want to see more confirmation. We've just entered a OVERBOUGHT condition and now i want to see a candlestick formation signaling selling strength like a double top or an engulfing candle.
I'll let you know if i'm selling this.
As usual, feel free to write below if you want to share your standpoint or if you want to ask questions.
Otherwise, see you in the next chart!
EURUSD bearish Gartley pattern triggers on a break of 1.0711 Bearish Gartley pattern triggers on a break of 1.0711 targeting 1.0544 next.
Bearish USD sentiment may be a little over done.
Bearish Gartley on EURUSD 4Hour ChartPrice found some resistance on at Point D and I also can see some divergence on RSI.
Went short on this one but I am keeping a close eye on it.
Gartley Pattern!Hey guys,
in case you don't know this is an harmonic advanced pattern formation that often times occurs in the markets. It is called Gartley pattern and it's made up of 5 different points all responding to certain criteria. The final D point is at the 1.27 extension of the AB leg and you can trade it both by placing your order on that level and waiting for price to enter the PRZ (Price Reversal Zone) and then waiting for an additional confirmation. I'm going to set my orders on during the night.
Stop would go above X, target1 and 2 as in the chart.
Feel free to ask question if you want.
Otherwise, see you in the next chart!
Bearish Gartley Pattern RulesBearish Gartley Pattern Rules, If any rule is violated, the pattern is invalid.
The same rules can be used for a bullish gartley pattern.
AUDJPY bearish gartly completionsl; 88.074
short entry @ market; 86.94
T1; 85.84
T2; 84.74
bearish gartley completion on hourly, flag formed after impulse on the 19/01/17
Gold Pending Sell Option EOW-EOMOn Daily Chart Gold Potential Trading Setups EOD- EOW- EOM
it seems that there's a possible Bearish Gartley formation for GOLD in a long term trade!!!
So there are some trade possibilities.!!!
Ciao:)
USDJPY TCT Trade with Deep Gartley Pattern As Entry TriggerThere is a Deep Gartley pattern forming on the USDJPY pair completing @ 115.56. This also happens to be a potential trend continuation trade (TCT) with an advanced pattern as an entry trigger.
One reason i love deep Gartley patterns is because they offer a very good reward to risk ratio. For those who trade advanced patterns strictly, you could take your conventional target 1 and 2 @ 114.87 and 114.44 respectively.
But if you are a structure based trader, you may be shooting for a retest of previous lows. how ever you decide to take the trade is completely up to you. Cheers!
Plan your trade and trade your plan.
Feeder CattleApril Feeder Cattle down today. Starting to leave the 1/1 Gann Fan and weaking. If Corn stays weak we may see a little more up, otherwise this market may start to deteriorate. Feeders still above the 20 day moving average and hasn't broken trend. This market has also achieved a Bearish Gartley so a downtrend may start to happen.
Gartley formation on GBPJPYHey traders,
i want to bring you another pattern formation that could be interesting over the night.
Stops above X, targets as in the chart.
Let me know if you have any doubt.
Otherwise, see you in the next chart.
Another Gartley formation on NZDUSDHey traders,
this seems a dejavu but it's all real: we have another Gartley on NZDUSD. Furthermore, the bearish movement that broke and closed below the most recent low (XA) is signaling a bearish bias. Maybe NZDUSD is ready to continue the daily downward move after this retracement.
Anyway, when price comes so close to my entry (2 pips) i usually cancel my trade if price touches the hypotetical target1. So in this case, if price hit the 0,6930 level before the entry, i'm canceling the trade.
Stops above X, targets down at .382 and .618 of AD leg.
If you have any question or remarks, please fill the comment section below.
Otherwise, see you in the next chart!
GBP/AUD Short Predictions - ABCD pattern or Bearish Gartley Right now it looks like GBP/AUD will be either a gartley or an abcd pattern.
Bearish Gartley at key structure levelHey guys,
after earning some pips from my audusd trade, i now am focused on NZDUSD that could give a nice opportunity during the night, or tomorrow. From a bigger perspective, in the daily chart price is in downtrend, being the break of structure to the downside, and is now retesting the former support that has been broken.
When price approaches these "hot" zones i start looking for reversal pattern on lower timeframe. In this case in the hourly chart we have a nice Gartley pattern completing at 0,6964 (as indicated above).
If and when price will reach that level, i'm going to short the market.
If you have any question, please let me know.
Otherwise, see you in the next chart
Patterns at work on USDJPYHey guys,
as you may know consolidation breeds patterns, and there they are. Two Gartleys unfolding on the hourly chart.
Stops above X. Targets as usual for patterns.
If you have any question, please comment below.
Otherwise, see you in the next chart!
Gartley formation on reversal zone on EURJPYHey traders,
after waiting for a long opportunity on this pair yesterday we've now changed our bias on EURJPY 0.13% due to price action language.
Learning how to read a price chart gives an edge on the market and allows you to be prepared to whatever markets can offer.
In this case, being the break of structure to the downside, trend is headed lower and i want to ride it as much i can.
The first reversal zone of this pair would be the former support level that now can turn into resistance.
Giving this situation on the 4hour chart, i know i will search for selling patterns through the blue box in lower timeframe such as 1hr and 15m.
On the 15m chart we can see a Gartley advanced formation unfolding.
Seems a good opportunity to go short to me.
Stops above X, target as usual, or you can shoot for extended target given the situation.
If you have any suggestions or questions, fill the comment section below.
Otherwise, see you in the next chart!
