Bullish Gartley
GBPCHF Potential Long OpportunityDescription: GBPCHF is testing the Fibonacci 61.80% of XA. If it breaks below 1.31900, the next target will be Fibonacci 88.60 1.31600 – 1.31500 region.
Pattern: Bullish Harmonic Pattern would be completed t D Leg. And we will look for a buying opportunity.
levels as described in the chart
XVGBTC Gartley butterfly is going to be formedThe coin is oversold according to various technical indicators, we took one of them to show you at the chart, it is Stoch RSI which is in a buy state now. Combining Ichimoku clouds with the rest indicators we forecast finishing of XABCD pattern and a huge bounce afterall. However XVG is a manipulated coin and the pattern may be broken, hence the growth will happen earlier.
$SPY trying to recoverSPY completed a bullish Gartley in its daily chart and it's currently headed towards the resistance of 266.70.
Overall picture gives a downtrend nonetheless.
Stochastic RSI in oversold territory and MACD recovering but still in negative territory confirms it.
Not a trading advice, merely an idea for educational purposes
GBPUSD GARTLEY PATTERN CHECKING GBPUSD If complete point D to buy
TP 1 - 61.8%
TP 2 - 38.2%
SL - BELOW 30 TO 50PIPS IN POINT D
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
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