CADJPY - Deep Gartley at XTrading at X is 1 of the trading strategy I employ when it is a Deep Gartley Formation. It has proven that it does more benefit than harm to me.
I've engaged the trade with a very tight stop with a 2:1 for my 1st target.
Although the setup doesn't look promising but let see hot it spin out.
Countertrend
US500Short Term Trend: Bullish.
Price Action Signals: Price broke down from an Inside Bar Pattern early this week (counter trend).
Potential Trade Idea: We are considering trading longs after a retracement in prices AND from a Price Action Buy signal forms on the 4 hour or daily chart at either the 3829 or 3670 support level.
GOLDShort Term Trend: Bearish.
Price Action Signals: A bullish Pin Bar Signal formed above the $1764 support level (counter trend). Price moved down strongly from a Bearish Pin Bar signal that formed around the $1850 to $1875 resistance zone around 2 weeks ago.
Potential Trade Ideas: We are considering trading shorts from a Bearish Price Action Signal on the 1 hour, 4 hour or daily chart, whilst price remains under the $1850 to $1875 resistance zone.