Bullish Gartley Formation : EURUSD (4H)Bullish Gartley is about to form in EURUSD 4hr and as the B point of pattern being deep, we are going to have a Good Risk :Reward in this pair if we chose to go long.
Probably Gap down/Gap Up is also possible on Monday, Let the Market decide what its gonna offer us and we should always stay humble & accept the fact - Market is always Right.
Lets wait till Monday for EURUSD trade...
Happy Weekend & Happy Trading !
Bullish Gartley
EUR/USD - Bullish GartleyHere we have EUR/USD on a 30m chart with a potential bullish gartley, this pattern has taken shape on several time frames.
The measurements for a valid gartley are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
I'll be expecting price to stall out around our D point, completing our pattern then a sharp move to the upside. This harmonic pattern looks very promising when you take into consideration the Daily chart shown below.
EURJPY: 1 Hour Advanced Gartley Formation CompletionI typically don't pay much attention to the market open on Sunday's but there were a few opportunities that I had on the radar from Friday which are offering a better price point for entry.
One of those opportunities is right her eon the EURJPY Hourly time frame where we had an Advanced Gartley Formation complete late Friday. Currently price is below the initial entry of 127.20 so (opening gaps aside) we're looking at a better entry on the Sunday open.
As always, wish all of you guys a great week of trading and continued success along your trading journey!
Oh and Go Everton, Beat Man U!!
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
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EUR/JPY - Bullish GartleyToday we are looking at EUR/JPY on a 4h chart with a potential bullish gartley, this pattern has taken shape on several time frames.
The measurements for a valid gartley are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
As you can see from previous price movement our pair has been trading within a confined area before breaking out of this range to make our A point. I'll be expecting a spike below to complete our D leg then a sharp move to the upside!
BULLISH GARTLEY - CADJPY - 1HRBullish Gartley on CADJPY 1HR Chart.
ENTRY: 83.536
TARGET: 84.517
STOPS: 82.756 (Just below previous structure at this level)
If this were to reach the D Leg, it would complete one other pattern.
If the Gartley would complete and reverse back up into a bullish move it would also be heading towards a D leg on another pattern.
I will attach the other 2 patterns below.
NZDUSD: An Interesting Dilemma (Potential Bearish Cypher)Pain free targets on our Kiwi trade from last night however we're now faced with an interesting dilemma as we inch closer to our bearish Cypher Formation completion point at 6793.
In last night's video we looked at a handful of potential opportunities, but took a closer look at NZDUSD. Not only did we have the bullish Gartley Formation, but when doing our top-down analysis we also saw that this could be used as a bigger trend continuation opportunity in predicting a move to the 6850's level.
Now that we have a second advanced pattern formation forming the question is (for those shooting for the TCT move) is do you stick with the original trade? Or do you take the new pattern?
Now before you ask me "What should I do Akil?" Please know that my answer is going to be "What does your plan say?" But I think it'll be interesting to see how the different members of our live room are handling it and should make for some good discussion and insight for those who are looking to create rules for a situation like this.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
YouTube goo.gl
Facebook: goo.gl
Twitter: goo.gl
You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM