Gartely
Possible Gartley on AUDCHF 4hA lot of Fibonacci levels converging on the PRZ... Keep an eye on PA as soon as it goes over 0.71913
We need to wait for a totally defined D point, but numbers look like:
Entry: 0.71985
SL: 0.724 (aggresive. Couple of pips over 1.414 AB) or 0.7295 (conservative. Couple of pips over X)
TP1: 0.71229 (.236 1.82 RR)
TP2: 0.70760 (.382 2.97 RR)
TP3: 0.70381 (.500 3.86 RR)
Gartley on AUDCAD 1hB point is a little bit high (.676 instead of 0.618) so proceed with caution and check PA behavior on the PRZ.
Lots of SL levels to choose from, once D is totally defined.
Numbers looks like:
Entry: 0.94084
SL: 0.9450 (aggressive.... .9485 / 0.95 conservative)
TP1: 0.93363 (.236 1.61RR)
TP2: 0.92921 (.382 2.64RR)
TP3: 0.92564 (.500 3.44RR)
[Red Apple] "Repeated pattern "_ BTC/USD _ 18.07.28If someone used harmonic pattern in previous briefing, now, may take 3~4% profit.
if you want to read only for 'repeated pattern', go '4.Etc.'.
Let's start the analysis for BTC/USD chart.
If you are busy, you can just read below briefly
'1. Briefing '
'5. Summary and Strategy' and '4. Etc.' either in this briefing.
before read, click '+Thumb up, +Follow' :-)
1. Briefing
# Re-entering trend-line
# Bullish Engulfing Candle
# Repeated pattern??
2. Daily Chart
1) Trend
Re-entering trend-line
2) Candle
Bullish Engulfing Candle that i mentioned in previous briefing
3) EMA
20EMA(red) is rushing to 100EMA(orange)
3. 4H Chart
1) Trend
Same as Daily Chart
2) EMA
Candle penetrated 20EMA upward, again.
3) Pattern
a.
rebound from 1st Defense Line
b.
Completed Gartley pattern and now symmetrical pattern is formed.
4) Elliott Waves
Wave 5?
5) Fibonacci
resisted at 0.786
4. Etc.
So far, there is 'repeated pattern' in BTC chart. As you see in blue box,
Repeated pattern : 1. Double Top -> 2. Lower low -> 3. breakout short or middle term trend-line -> 4. Double Top -> 5. Lower low
at first, check 'purple line -> blue line -> pink line'. all lines are same pattern and went downward. The reason why i introduce is ,at the moment, '4. Double Top' phase is processing. It means it can go bottom to complete 'Repeated Pattern'. To break this pattern, the price should be higher than previous high point.
Carefully think about this and Trade.
5. Strategy and Summary
a. About previous briefing : Fortunately, traders are not recognized it as Bearish Flag and rebound from 1st Defense Line. if you buy BTC in prz of Gartley pattern, you can take 3~4% profit. as i say above, previous high point is quite close. so taking profit and waiting until new high point will smart trading method i guess.
Also if you take strategy as conservative trader, you may buy when BTC retest trend line after breakout. Then, may take 1.5 ~ 2.5 % profit.
b. About this briefing :
For Aggressive trader : trade when symmetrical triangle is broken.
For Conservative trader : trade when the price mark higher than previous.
-> Do not forget "4.Etc. Repeated Pattern".
Trade safely and make your standards
If you think my idea is helpful for you, Click '+Thumb up, +Follow'
Also, if found something special, i will comment in real time.
euraud.unified gartleya potential unified gartley is setting up on euraud. this setup idea demonstrates my approach. if you wish to learn more about my approach you are welcome to ask your questions below. if you want to use this idea as a signal to open your own trades then mind your full responsibility for you actions. don't ask me where you should place your targets and stops - plan your exits before you enter.