Bullish Gartley
AUDNOK potential bullish gartley setup:
-elliot wave theory (corrective abc move after 5-wave impulse usually has support around the start of wave 4)
-stop loss fib confluence --> 0.382 of trading range and 0.13 extension off wave 4 to 5
-harmonic pattern
-fib confluence above target 1 --> t1
If the pattern is completed i will;
-look for entry at 6.36 given confirmation
-set stops below 6.32
-take profits at 6.42 or reduce position and roll stops to break-even and look for extended targets
--> if after entry pattern is invalidated then I will be looking to close on a pullback
disclaimer - trade at your own risk,
this is simply like my opinion, man.
XCPBTC - Gartley Pattern CompletedPattern has completed, good price to buy now.
Aiming for 61.8% AD retracement @ 0.00717516.
Gartley Formation on AUDNZDHey guys,
simple & deep Gartley pattern here. Its deepness allows us to get a better risk to reward ratio and we can also see there's a major daily structure around this level. Entry at the D point with targets as usual for patterns. Stops below X.
If you have questions or if you want to share your view, feel free to comment below.
Otherwise, see you in the next chart!
Potential Bullish Gartley on EURCHF 4hrA potential Bullish Gartley is forming on EURCHF 4hr.
Fibonacci confluence and previous support and resistance give a PRZ between 1.08343 & 1.08204.
I'll be looking for entry reasons below the D completion to give at least a 1:1 risk reward.
S/L: 1.07665
T/P1: 1.08930
T/P2: 1.09290
USD/CHF - Bullish Gartley + Trend ChannelHappy Memorial Day from here in the USA, traders!
Great set up to open up the week!
Here, we are looking at a bullish gartley on the 4h chart with USD/CHF.
Price has been spending the last few days stalling at D point, which is also at the bottom of the current trend channel.
For fundamental confluence, the USD should be gaining strength today since it is Memorial Day. People love to celebrate and spend their money.
Time to place your trade and set you stop loss accordingly!
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
BULLISH GARTLEY PATTERN ON USD/CHFI had said to myself no to trading forex again but as i see the markets both in Europe and US so overbought and at high levels it was a chance to start trading forex again.
So to get to the point we have a bullish gartley pattern formed on daily timeframe.
TECHNICALLY
WE CAN SEE BOTH CHANNELS,MEANING THE SHORT-TERM DESCENDING CHANNEL AND THE MID-TERM ASCENDING CHANNEL.
RSI AT OVERSOLD LEVELS READY FOR A BOUNCE.
WE SEE ALSO THE HORIZONTAL RED LINES WHICH ARE CREATING THE DEMAND AND SUPPORT LEVELS.
ON 4H TIMEFRAME WE CAN CLEARLY SPOT BULLISH RSI DIVERGENCE AT THE DOUBLE BOTTOM FORMED.
POSSIBLE TRADE
FIRST TARGET T1 AT PREVIOUS CHANNEL LINE/RESISTANCE AND 200EMA 0,99200
SECOND TARGET T2 AT PREVIOUS HIGHS AND 61,8% FIB RETRACEMENT OF CD LEG 1,00800
STOP LOSS AT PREVIOUS LOWS AND SUPPORT AT 0,95400 LEVEL
THANKS FOR SUPPORT
HAPPY TRADING
Crude Oil - Bullish GartleyThere are some amazing setups forming on the charts, here we have USOIL on the 4h chart with a bullish gartley.
Price has broken the daily trendline, I'm expecting a pullback upon completion of the gartley pattern before continuing the move lower.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
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