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Deepgartley

EURUSD-Weekly Market Analysis-Dec18,Wk2EURUSD on daily chart shows a bearish movement. On 4-hourly chart it is a sideway consolidation. The red zone is within the sell zone, within the sell zone sit a deep gartley setup, if the market touches Point D and close below the upper trendline will give a perfect shorting opportunity. The trendline shows a sideway consolidation, breaking out of the trend line is inevitable, but the direction of the break will show a likelihood of market direction.
Short
by RaynLim
AUDUSD Bear Trap : Going long on any pull backsAUDUSD formed a bullish deep Gartley pattern but price just went through the PRZ as if it didn't exist, that was a warning sign not to take the trade. Market Structures Price went below market support, giving the bears confidence and then yesterday bounce right above it, the bulls are winning again. RSI going overbought, I am hoping for some pull back Trade execution Wait for a retracement back to the support zone, retest of the Gartley PRZ around the 0.7520 levels
Long
by BoonHooi
GBPCAD Bearish Deep GartleyAt this point of writing, GBPCAD seems to be at a support turned resistance level at around 1.6785. There could be an opportunity to short now, but the stops will have to be above PtX Pattern Identification Based on Harmonic pattern trading, the PRZ shows a higher level at 1.6540/55 levels. This could be another test higher as the RSI is not at the ideal overbought levels Trade execution I would prefer to enter at a better price at the PRZ. Will want to look for a reaction at those levels before entering
Short
by BoonHooi
CADCHF - Ready for short on ABCD and Deep Gartley completionHey guys, just woke up and saw an amazing setup on CADCHF for a short Pattern identification 1. Deep Gartley completion at 0.7700 2. ABCD completion at 0.7700 Execution Price has rejected the PRZ zone, I have just entered short at current price of 0.7690. SL is at 0.7740 and TP is at 0.76. Almost a 1:2 R:R on this. Good luck and good trading all!' On a side note, I am still waiting to short USDCHF just a little bit further north at 1.01. Bullish on CHF in both cases.
Short
by TerryHarmonicTrading
14
EURUSD - Why I will not buy this Deep Gartley?Hey traders, just an update on EURUSD this week. On the daily chart, I am sure many traders spotted this Deep Gartley (AB=CD pattern completed beyond 78.6) These are the reasons I will not go long on this pattern. 1. Put in the parallel channel, it is in the middle of nowhere 2. RSI no divergence 3. PRZ bashed through without hesitation What's next? As with all failed Gartley patterns, it has the potential to become a crab pattern which will complete much lower around 0.9872. (161.8 XA). Euro and USD is almost guaranteed to reach parity, this is scary. Good for US citizens to go on a holiday too, bad for all other countries including where I am from, Singapore. Meanwhile, use simple moving averages(I use ema 34) to keep shorting Eurusd on every retracement, I am currently holding a short on GBPUSD which I expect it could reach 1.2150. Good trading guys!
by TerryHarmonicTrading
1
EURUSD - Bullish Gartley+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Deep Gartley Pattern on 1H, here on EURUSD. If you look left you will see that we're in a bullish trend so this Gartley is a nice entry reason for TCT and hopping the bullish trend. Stops is below X(and previous Pullback), Targets are conventional, however I will shoot for extended. Entry @ 1.1245 Stop @ 1.1223 Initial Target 1 @ 1.1292 Initial Target 2 @ 1.1321 Good Luck! -Alex I'm a Professional Currency Trader & Mentor with years of trading experience. Download my Free Ebook & transform your trading Today! bit.ly If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose
8