Australian Dollar Bearish FlagJune Australian D created a bearish flag Friday. Next downside target for the bears is .7464 at major support. AUD is forming a bullish Gartley pattern. Target 61.8% FIB
Bullish Gartley
Corn CrashedCorn is setting up a bullish Gartley pattern. Went below two uptrend lines and stayed below. Bearish Thursday USDA report may see continued drop to 357'4.
GBP-JPY 2 bullish GartleysHi Freedom Traders,
in the 240min Chart of the GBP-JPY the completion of two potential Gartley Patterns would offer us high probability trading opportunities.
You find possible entry and exit levels for controlling risk and maximazing profits in the chart.
Happy Trading!
USDJPY 15 Bullish GartleyGreetings,
As you can see on the chart we have a possible gartley building with price respecting the pitchfork trendlines more or less. Price is currently testing resistance, should it get rejected we will await it at 114.580. The pink dashed line is a pitchfork trendline from the daily chart and should proof reliable.
If price does not go any higher we could also expect an AB=CD completion at this pink dashed trendline.
Goodluck !
Potential Swing Trade Opportunity - AUDCAD (240 Mins)Hello Traders,
I have spotted potential Bullish Gartley Pattern on AUDCAD 4 hours chart. We can also see AB=CD completion right into our PRZ . Here, PRZ is made of 1.27BC, 0.786XA, AB=CD, 1.27AB Fibonnaci ratio confluence. This potential bullish trade set up has a risk/reward ratio of 1:1 on Target1 and 1:1.7 for Target2.
Happy Trading!!!
EURUSD 1h Bullish GartleyGreetings,
Seems like my previous AB=CD trading idea is failing, however if you took the trade you could have
atleast broke even or take a few pips profit. So now we have this new situation in which a bullish
gartley is setting up on the chart.
I am a great fan of the pitchfork tool and have used three in this chart, I drew the revelant trendlines
and removed the pitchforks as to not overload your brain with lasers.
As you can see price is reacting to all three pitchforks and we seem to have an intersection of two pitchforks trendlines exactly at classic D of this gartley.
Since price seems to have a habbit of not always puncturing these trendlines an entry at D
would make perfect sense to me. However, there is also an AB=CD forming inside leg CD which
could complete at 1.0556 which would create a sweet risk-reward ratio trade.
To add to this, in my MT4 application 1.0556 is also the daily pivot Support 1 which makes this level even more interesting.
I placed the stoploss at 1.0495, below the completion of the AB=CD pattern and below the dashed
horizontal trendline which has been respected several times in the past.
I would also like to add that the traditional stop would be just below X, which would be conservative but destroys a good risk-reward ratio.
In my oppinion the minimum ratio should always be 1:2 and as we have build quite a strong case this stoploss level is fine.
Price currently is resting on the H1 50 EMA
I hope the chart is not too confusing because of the crossing trendlines, its atleast a whole lot easier on the eye than it was before.
Feel free to advice on the entry of this gartley.
Have a good day!
Wheat Bullish FlagJune Wheat produced a bullish flag today. Upside target 475 area. Looking for Bullish Gartley completion at 480 and above. Long term target double top at 488
NZDCAD potential bullish Gartley setupPotential reversal zone between 0.9422 & 0.9445 so check if pattern is valid before entering long
target 1; 0.949
target 2; 0.9534
stop loss @ or below 0.937
Bullish Gartley pattern setupA bullish Gartley pattern is forming on the 60m
Entry: 138.74 @ 1.272 extension
SL: 137.983
T1: 140.320 @ 0.382 retracement
Not looking for T2s on this trade as I think price action will reverse at previous wedge pattern support level.
Best of luck!
USD/CHF - Bullish GartleyHello traders, here is a short term opportunity on the 1h chart with USD/CHF.
It is now completing a bullish gartley pattern, this is an excellent opportunity with over 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 below :)
Bullish Gartley - USDCHF (240 Mins)Hello Traders,
I have observed potential bullish gartley on USDCHF 4 hours chart. I am expecting price to resist in potential reversal zone and reverse. Here, PRZ is made of 0.786XA, 1.27AB, 2BC, and AB=CD Fibonacci ratio confluence. This potential trade has a risk/reward ratio of 1:1 for Target-1 and 1:1.7 for Target-2.
Happy Trading!!!
Bullish Gartley - AUDCAD (60Mins)Hello Traders,
I have spotted Bullish Gartley Pattern on AUDCAD hourly chart. Here, PRZ is made of 0.786XA, 1.27AB and AB=CD Fibonacci ratio confluence. This potential trade has a risk/reward ratio of 1:1 for Target-1 and 1:1.6 for Target-2.
Happy Trading!!!
CornMay Corn fell off a bearish flag. Friday may bring mixed trading and possibly lower. USDA reports suggest a lot of corn still available along with South America huge crops. Corn may have a struggle going higher short term.
Gartley's about to complete on EURNZDHi guys,
today i want to share one of my usual setup when trading. It's an harmonic pattern and it is called Gartley. It will complete at the round number (1,4601) within the structure daily zone (blue box). Therefore i'm going to buy this market if and when price will hit my entry point, with stops below X and targets as usual for patterns.
If you want to ask questions, feel free to type them in below.
Otherwise, see you in the next chart!
Live CattleDecember Live Cattle broke up sharply today creating a gap. Looking for a double top with the B position of the Gartley or the A position.
Class III MilkApril Milk fell to the bullish Gartley, and pulled back by half. Will probably see continued lower days before an up playing around the 16.88 to 16.50
Soybeans closing in on bullish GartleyMay Soybeans is closing in on the final steps for a bullish Gartley. Support is at 1036. Price action could push this lower to trend line. 20 day moving average has rolled bearish. Brazil crop 25% in and sees this crop big. Look for USDA speech on Thursday for 2016 numbers and 2017 projections.
AUDCAD bullish Gartley pattern Potential 60minon the AUDCAD 60min chart I spotted a potential Bullish Gartley.
The completion of the Bullish Gartley Pattern offers a trading advantage and a chance to buy the
AUDCAD .
D completion point shows ratio confluence with the 127% of AB.
The PRZ zone is only a guideline where we will be paying attention to.
Bullish GartleyA bullish gartley pattern has been forming perfectly, so far. Not sure of the time-frame for when point D will be reached, but when it gets down there its time to sell your house to buy BTC. This will mark the completion of the cup and handle pattern which has been forming over Bitcoins lifetime, and will hopefully project it toward the moon.
USDCAD Potential Bullish and Bearish Gartley SetupsPotential bearish gartley pattern at 1.3135 plus 61.8 fib confluence. I will be selling at this level. There is also a potential bullish gartley setup at 1.3042. I will be buying if price gets to this level. Both levels are also decent S&R levels.
Attention Swing Traders: Bullish Gartley in the EURAUD dailyHi Freedom Traders,
the price in the EURAUD is moving towards a Bullish Gartley completion.
This offers us a high probability swing trading opportunity.
You find possible entry and exit levels for minimizing risk and maximizing profits in the chart.
Please note: only consider the trading idea if it fits your trading plan.
Happy Trading!
P.S.: You might want to follow this trading idea as I keep updating it.
GBP/JPY potential gartley setups!Double check to make sure the gartley setup is still valid before entering trade!
long gartley ;
stop loss below - 135.4
limit entry long around - 137.86
t1 - 141.8
t2 - 143.84
short gartley ;
stop loss above - 150
limit entry short around 145.84
t1 - 140.5
t2 - 139
!Double check to make sure the gartley setup is still valid before entering trade!
