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Gartleypatern

EURUSD will be on moon (Gartley Pattern Shown)Hello and good morning traders and investor today Tom is sharing the idea about OANDA:EURUSD Wednesday, January 29, 2025 OANDA:EURUSD H1 Chart: Potential Trend Reversal Ahead! In this analysis, I'd like to highlight several key indicators suggesting OANDA:EURUSD may experience a correction in the one-hour time frame: 1. From a technical standpoint, a Rising Wedge Pattern appears to be unfolding, hinting at a potential reversal. 2. The emergence of the Evening Star Candlestick Pattern within the Resistance zone ($1.05297) may signal a trend reversal. 3. Additionally, the Bearish Gartley Harmonic Pattern suggests a possible decline. 4. According to Elliott wave theory, EUR/USD seems to be nearing completion of the main wave 4. I anticipate EUR/USD to break below the lower trendline of the Rising Wedge Pattern, potentially leading to a decline towards $1.03700. If the Support level is breached, the next target zone will be ($1.02700-$1.02200). ⚠️ Note: Conversely, if OANDA:EURUSD successfully breaks above the Resistance zone ($1.05297), a bullish rally may ensue. Please ensure you follow your trading strategy and stay updated; this is just my analysis. Don't forget to set Stop loss for your positions. Please like if you find this analysis helpful! Please comment below with your thoughts! Please share it with your friends; thanks, and Trade safe! 🙏 Best wishes Tom 😎
Long
by LegendaryTom
GOLD KEY LEVELS TO WATCHHello Traders, I hope you're having a fantastic trading week so far! Let’s dive into the current setup on Gold, as it's presenting an exciting trading opportunity. H4 Chart: Price Action Reversal with Key Fibonacci Levels Overview: On the 4-hour chart, we observe a price action reversal pattern aligning with a 200% Fibonacci extension. The price has recently formed a higher low after completing an impulsive move. Market Structure: As long as the price remains below the previous higher high (HH), we anticipate the formation of a lower high (LH). Key Entry Level (EL): The price is trading below the EL, reinforcing bearish potential. Target: The 100% Fibonacci extension serves as the initial key target, aligning with the ABC pattern’s symmetrical swing. H1 Chart: Bearish Gartley Harmonic Pattern Overview: The 1-hour chart showcases a Gartley bearish pattern, nearing the Potential Reversal Zone (PRZ). False Breakout: There is a clear false breakout above the EL, indicating possible exhaustion of buyers at this level. Key Levels: PRZ: Acts as a strong confluence zone for a potential short opportunity. Target: The first bearish target aligns with the subconfluent low (H4) and the ABC extension target from the higher timeframe. Trading Plan Monitor Price Action During U.S. Trading Hours: Focus on key reactions at the PRZ and any bearish reversal signals (e.g., engulfing candles, 3-candle reversal). Bearish Case: A rejection at the PRZ and a sustained move below the EL could confirm bearish continuation. Bullish Invalidity: If the price closes significantly above the EL, this would invalidate the bearish setup and indicate continued upward momentum. Final Notes: We’ll keep an eye on the movement and provide any updates as the price unfolds. Let the pips be with you—stay tuned for the outcome!
OANDA:XAUUSDShort
by TradeChartPatternsLikeThePros
THETA Long Signal | 130% Profit Potential with 6.8 Risk-Reward✅ Key Trade Levels: 📌 Entry Point: $2.6 🛑 Stop Loss: $2.1 🎯 Take Profit: $6 📊 Analysis and Explanation: The THETA chart shows a strong Harmonic Gartley pattern, where the price rebounded after touching the 61% retracement level of the XA wave. Additionally, an inverse head and shoulders pattern has formed, and the neckline has been broken decisively. The key resistance at $2.6 is the last barrier. Once this level is broken, a strong upward movement towards the $6 target is highly likely.
Long
by arzdigitalistha
Gold Market Breakdown: Unfolding Patterns and Key Price MovementGood morning Traders, Trust you are doing great. Allow me to continue my storyline of the Gold market. In my previous analysis of the gold market, I identified two unfolding patterns with similar directional implications. While one pattern was invalidated, the other continues to develop as expected. I projected an appreciation in the gold price from 2370.930 to the 2430-2442 region, which has materialized with gold rallying to 2425.540, where it is currently encountering resistance. Additionally, a new bearish Gartley pattern has emerged, suggesting a potential decline towards 2314.318 to complete the D-leg of the earlier identified unfolding bullish Gartley pattern. Supporting this bearish outlook are the following factors: 1. The current gold price has met the minimum requirement for leg C of the larger unfolding Gartley pattern, even though there are still room to the upside, but it shouldn't exceed 2436.857. 2. A fully formed smaller bearish Gartley pattern has been observed on the H1 timeframe. 3. The price is currently at a key supply zone that coincides with a critical level in our analysis. Given these observations, I anticipate a significant drop in the gold price. However, if the price exceeds the maximum harmonic level for the formation of leg C of the unfolding bullish Gartley pattern at 2436.857, this outlook will be invalidated. Cheers and happy trading!!!
OANDA:XAUUSDShort
by Samuel124
Comprehensive Analysis of the Gartley Harmonic PatternThe Gartley Harmonic Pattern, a cornerstone of harmonic trading, was first introduced by H.M. Gartley in his 1935 book "Profits in the Stock Market." This pattern leverages Fibonacci retracement levels and geometric price formations to identify potential market reversals, providing traders with a strategic edge. __________________________The Bullish Gartley Pattern___________________ Structure: X-A Leg: The initial upward movement. A-B Leg: A retracement of approximately 61.8% of the X-A leg. B-C Leg: An upward move retracing between 38.2% and 88.6% of the A-B leg. C-D Leg: The final downward movement, retracing 78.6% of the X-A leg, marking the pattern completion at point D. Entry Criteria: Entry Point: Enter a long (buy) position at point D, where the price is expected to reverse upward. This is typically the 78.6% Fibonacci retracement level of the X-A leg. Stop-Loss: Placement: Set a stop-loss order slightly below point X to safeguard against unexpected price movements. This minimizes potential losses if the pattern fails. Take Profit: First Target: Place the initial take profit target at point B, the retracement level of the A-B leg. Second Target: Set the second target at point C, the retracement of the B-C leg. Extended Targets: For a portion of the position, consider holding to capture further gains if the price continues to rise. _________________________The Bearish Gartley Pattern_____________________ Structure: X-A Leg: The initial downward movement. A-B Leg: A retracement of approximately 61.8% of the X-A leg. B-C Leg: A downward move retracing between 38.2% and 88.6% of the A-B leg. C-D Leg: The final upward movement, retracing 78.6% of the X-A leg, completing the pattern at point D. Entry Criteria: Entry Point: Enter a short (sell) position at point D, where the price is anticipated to reverse downward. This corresponds to the 78.6% Fibonacci retracement level of the X-A leg. Stop-Loss: Placement: Set a stop-loss order slightly above point X to limit potential losses if the pattern does not play out as expected. Take Profit: First Target: Place the initial take profit target at point B. Second Target: Set the second target at point C. Extended Targets: Consider holding a portion of the position for additional gains if the price continues to decline. _________________________Key Considerations__________________________ Precision: Accurate measurement of Fibonacci levels is critical. Even slight deviations can invalidate the pattern. Confirmation: Utilize additional technical indicators or price action signals to confirm the pattern before initiating a trade. This can include moving averages, trend lines, or oscillators. Risk Management: Adhere to strict risk management practices. This includes setting appropriate stop-loss levels and managing position sizes to protect capital. ____________________________Conclusion______________________________ The Gartley Harmonic Pattern is a sophisticated and reliable tool for identifying potential market reversals. By mastering the intricacies of both the bullish and bearish Gartley patterns, traders can enhance their analytical capabilities and improve trading outcomes. Integrating these patterns with other technical analysis methods and maintaining rigorous risk management protocols is essential for consistent trading success. Incorporating the Gartley pattern into your trading strategy involves practice and diligence. Ensure that you continuously refine your skills in identifying these patterns and executing trades accordingly, always mindful of market conditions and broader economic factors.
Education
by trading_jupiter
3
EURUSD GARTLEY BULLISHHello fellow traders! Today, let's dive into one of the most traded forex pairs, the EURUSD. The EURUSD, also known as the Euro-Dollar pair, represents the exchange rate between the Euro and the US Dollar. It is one of the most liquid and widely traded currency pairs in the forex market, often influenced by factors such as economic data releases, geopolitical events, and monetary policy decisions from the European Central Bank (ECB) and the Federal Reserve (Fed). Chart Patterns Analysis: On its daily chart, the EURUSD pair has formed an advanced harmonics pattern known as a Gartley pattern. This pattern is characterized by specific Fibonacci ratios that help identify potential reversal zones in the market. The price is currently trading above the long entry level (EL) at 1.06707, indicating a bullish bias in the market. This entry level has already been executed on its micro, suggesting early participation in the potential bullish move. Using Fibonacci Levels: To identify potential resistance levels for profit-taking, we can utilize Fibonacci retracement levels. The wall, or initial target, is set at 1.07640. Additionally, traders may consider partial profit-taking at the 38% Fibonacci retracement level of XA at 1.08660. Further Targets: The primary target zone 1 is set at the 62% Fibonacci retracement level of XA, which is located at 1.10277. For more ambitious traders, the 79% Fibonacci retracement level of XA serves as an extended target at 1.11466. As always, it's essential to manage risk effectively by setting stop-loss orders and adjusting position sizes accordingly. Monitoring price action and market developments can provide valuable insights into the strength of the bullish trend and potential reversal zones. Stay tuned for further updates and happy trading, everyone!
Long
by TradeChartPatternsLikeThePros
1
ETHUSD ADVANCE HARMONICS PATTERN **Greetings Fellow Traders! Welcome to Today's Insight.** Today, we're diving into the world of cryptocurrency, focusing our attention on ETHUSD. A remarkable trading opportunity is unfolding, and we're here to explore it together. 📊 **Chart Analysis: ETHUSD Harmonic Gartley Pattern** On the daily chart of ETHUSD, an advanced harmonic pattern known as the Gartley Bullish pattern has taken shape. This pattern can offer valuable insights for potential trades. 📈 **Trade Setup:** - **Chart:** ETHUSD (Daily) - **Harmonic Pattern:** Gartley Bullish 🎯 **Key Entry Level:** The current price of ETHUSD is in proximity to a promising entry level. - **Entry Level (EL):** 1636.6 🚀 **Targeting Potential Profits:** We're aiming for a specific target calculated based on the harmonic pattern. - **Target 62% XA:** 2016.3 📈 **Consistency Matters:** Repeatedly hitting a target or level signifies a potential shift in price dynamics. 📊 **Trade Responsibly:** Remember to implement prudent risk management strategies that align with your trading approach. 💬 **Join the Discussion:** We're eager to hear your thoughts on this analysis. Your insights enrich our community. 📊 **Explore Trading Opportunities:** The ETHUSD Harmonic Gartley pattern presents a compelling case for exploration. Delve into the details and see if it aligns with your trading strategy. Join Trade Chart Patterns Like the Pros for Comprehensive Trading Insights and embark on a journey to enhance your trading skills! 📊📈💎
Long
by TradeChartPatternsLikeThePros
3
NZDJPY ADVANCE HARMONICS PATTERN GARTLEY BULLISH Hello, Traders Today, we are turning our gaze towards the NZD/JPY pair, which is showcasing a remarkable trading opportunity. Upon examining its hourly chart, we notice that it has formed an advanced harmonic pattern, specifically the Gartley Bullish pattern. This development indicates a potential upward movement in the near future. Currently, the price is trading above the long entry level (EL) at 86.448, which is a promising sign for traders looking to capitalize on this upward trend. To safeguard your investment, consider setting a protective stop (ST) at 86.301. As we venture into this trading opportunity, here are the targets to keep an eye on: **Target 1:** - 62% of XA: 86.702 - 79% of XA: 87.364 **Target 2:** - 127% of XA: 88.019 - 162% of XA: 88.489 If you found this insight helpful, please support us with a like and follow for more insightful content in the future. Your support fuels our motivation to bring you more quality analysis. Thank you!
Long
by TradeChartPatternsLikeThePros
2
🚀💲Unlocking Profit: USD/JPY 1H Setup with Bullish GartleyTraders, here's a golden opportunity you won't want to miss on the USD/JPY currency pair, with a focus on the 1-hour timeframe. 📊💰 📌 Technical Analysis Highlights 📌 🔷 Bullish Gartley Pattern: The price action has beautifully formed a bullish Gartley pattern, suggesting a potential uptrend reversal. 🔷 Double Bottom Formation: Point D (the reversal point) has already been established, with a bounce from a key support level and a clear double bottom formation - a strong signal for potential bullish momentum. 🔷 RSI Indicator Confirmation: Adding more weight to this setup, the RSI indicator has confirmed this scenario with a massive bullish divergence, signaling a potential upward price movement. 📈 Trade Strategy 📈 Considering these strong technical signals, the optimal trading strategy would be to go long (buy) from the current levels. Place your stop loss just below the key support level to manage risk effectively. 🎯 Take Profit Zones 🎯 1️⃣ First Target: 146.000 2️⃣ Second Target: 146.500 3️⃣ Ultimate Target: 147.200 Remember, trading involves risk, and it's essential to perform your own due diligence and risk management before entering any trade. Good luck, and may your trades be profitable! 🌟📈💵 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you think this insight was helpful 🌊🚀
Long
by Thomas_Zito
5