Bullish Gartley
AUDJPY Gartley and his brother Gartley2 Gartley patterns will be our subject for this study.
Bullish Gartley is the 1st pattern and should be focused on.
XA,AB,BC have completed. CD is in play with a price point of 82.664 as its target.
What to watch for?? if BC retraces down to the AB .886 or 81.606 then our CD new target will be 82.849.
Bearish Gartley is the 2nd pattern.
XA has completed. AB requires XA retracement 618-.786 into the 81.882-81.709 range.
The next BC target cannot be defined until the have that AB measurement.
What to watch for is the Bullish potential BC retracement down to its AB .886. A Bearish XA leg having its .786 measurement exceeded makes the Bearish Gartley invalid.
Two Harmonics on EURUSDHi guys,
another chance to get involved this morning comes from EURUSD. Here you can see i've drawn two different harmonic patterns (one Butterfly, one Gartley) which are going to complete at the exact same level.
Two is better than one!
Stops below X, targets at 382 and 618 retracement of AD leg.
If you want to ask questions or share your idea, please comment beneath.
Otherwise, see you in the next chart!
EUR/CHF - Bullish Gartley + Descending WedgeToday we are looking at a bullish gartley on the 1D chart with EUR/CHF
As price continues its way down, we can look for price to reverse at D point, which just happens to be at the end of the descending wedge.
Coincidence? I think not. ;)
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
AUD/USD - Bullish GartleyThere are some amazing setups forming on the charts, here we have AUD/USD on the 1h chart with a bullish gartley.
This is an excellent opportunity with a 1:2 risk to reward!
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
If you want more trading inspiration be sure to connect with me on social media :)
USD/CHF - Bullish GartleyHello traders, there are some amazing setups forming on the charts, here we have USD/CHF on the 4h chart with a bullish gartley pattern.
This is an excellent opportunity with a solid 1:2 risk to reward!
The D point aligns with the daily trendline, which further validates the reversal around 0.97500.
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
If you want more trading inspiration be sure to connect with me on social media :)
In The Crosshairs For This Week!!Dear Followers: Here i left to you a very nice trade ( if completes all the requirements). You maybe ask about why i have a target 3 but it's all because what i see on the Weekly Chart ,even if not reached target 3 , the target 1 and 2 still be a very "decent" trade.
Short Term Gartley on USDCAD (TCT trade)Hi guys,
this is a very short term trade on USDCAD. You can see i'm using 15min timeframe, but as usual my analysis starts from higher timeframe. On the 4hr price has recently broken a period of consolidation to the upside, so i'm expecting it to continue higher.
That's why you see those targets, this is actually an advanced pattern entry for a trend continuation trade.
Stops below X, target1 at 618 retracement, target2 to be determined (around 1,3420s).
Let's see how it plays out.
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Short Term Trade (TCT trade)Hi guys,
this is a very short term trade on USDCAD. You can see i'm using 15min timeframe, but as usual my analysis starts from higher timeframe. On the 4hr price has recently broken a period of consolidation to the upside, so i'm expecting it to continue higher.
That's why you see those targets, this is actually an advanced pattern entry for a trend continuation trade.
Stops below X, target1 at 618 retracement, target2 to be determined (around 1,3420s).
Let's see how it plays out.
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
USD/TRY - Bullish GartleyHello traders, here is a nice long term opportunity on the 4h chart with USD/TRY.
With price making its way down, the completion of a bullish gartley pattern will create an excellent opportunity to enter a position with a 1:2 risk to reward.
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
I don't care if you go up or down, i can trade anyway!Hey guys,
if you are familiar with harmonic pattern you'll know there are two Gartleys setting up on AUDCAD.
A bearish one and a bullish one, so we have a decent opportunity anyway. This is called "bracketing the market" and it could happen very often with advanced pattern formations.
Both patterns are valid, but the yellow one is in accordance with the major daily trend and it's completing right at the broken resistance that could act as support so in that case you could also shoot for extended targets hoping for a trend continuation to the upside.
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
I don't care if you go up or down, i will trade anyway!Hey guys,
if you are familiar with harmonic pattern you'll know there are two Gartleys setting up on AUDCAD.
A bearish one and a bullish one, so we have a decent opportunity anyway. This is called "bracketing the market" and it could happen very often with advanced pattern formations.
Both patterns are valid, but the yellow one is in accordance with the major daily trend and it's completing right at the broken resistance that could act as support so in that case you could also shoot for extended targets hoping for a trend continuation to the upside.
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!