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Gartley

Fantastic OpportunitiesAs the WTI or US Oil is on a sideway movement, it creates fantastic trading opportunities for counter-trend traders like myself. There are 2 approaches I'm looking at in the following week. A Bearish Gartley Pattern at X, a shorting opportunity on the 8-range bar chart, or a Bearish Bat Pattern on the 4-hourly chart. The important candlesticks confirmation on the Gartley Pattern at X requires the next candlestick to touch 71.47 before the pattern is valid; failure to do so, I'll be waiting for the Bearish Bat Pattern. Magic Candle has to appear at 72.94 for the Bat Pattern on the 4-hourly chart(right) to be valid. This is how trading should be. Plan your trade, and wait for candlestick pattern confirmation before engaging the trade. What's your trade plan for WTI?
TVC:USOILShort
by RaynLim
2
Combo Trade with RiskThis trading setup provides 1 of the Best Profit Factor. But because of how the candlesticks interact on the PRZ(rectangle box) it is also the most dangerous trading setup. On the 8-range bar chart, there's a Deep Gartley Pattern setup, and on the 4-hourly chart, a Bat Pattern setup. Both setups is now resting at X. If you are new to trading, avoid this trade. If you have not traded Oil before, reduce your position sizing by at least 5x. It is better to missed a trade than to enter a trade you shouldn't have.
TVC:USOILLong
by RaynLim
Best of Both WorldsMy long-term bias on Dollar Appreciation had not ended, however, that doesn't mean I can't short the Bearish Crab Pattern that was completed at 140.42. If you had traded this, it would have given you 106pips(approx. 1,060usd/lot) of running profits. If you are like me, having the bias to long the USDJPY, the Bullish Gartley Pattern that completes at 137.84 could provide you with such a trading opportunity. Either way, the M.C confirmation has to appear in both situations.
Long
by RaynLim
Counter-Trend MoveThis could be for you if you are waiting for a counter-trend move. A Bearish Gartley Pattern is expected to complete at 1.2605, but the earliest for that is on 12 Jun 23, 1200(utc+3); any earlier than that, the trade would be invalid. If a break and close above 1.2605 occur, I will wait for an M.C confirmation at 1.2659 on the ABCD pattern. Both of these Harmonic Patterns are counter-trend moves. On GBPUSD, that means a pullback trade. Overall, my sentiment remains bullish on the GBPUSD.
Short
by RaynLim
DigiByte (DGB) formed bullish Gartley for upto 106% massive moveHi dear friends, hope you are well and welcome to the new trade setup of DigiByte (DGB) with US Dollar pair. Previously we caught more than 27% pump of DGB as below : Now on a long-term weekly time frame, DGB has formed a bullish Gartely move for a massive bullish reversal move. Buy between: $0.00764 to $0.00600 Sell between: $0.00994 to $0.01237 Stop loss: Below $$0.00600 Possible profit ratio: As per above targets there is a profit possibility of 106% and a loss possibility is upto 22%, therefore, it is a high risk / high reward setup Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
1
EURGBP: Staying LongSee previous analysis, which is still in tact. Technicals: Monthly pb into a monthly support level (0.8630). EURGBP is cycling between a 1000 pip price range on a monthly chart since October 2016. A range from 0.8284 to about 0.9306. The price is currently coming off the lows of the range and traveling to the top again. Weekly bearish equal legs completion or ABCD completion. Weekly D1 volume suggested that this week another low would get placed in; and, that is what happened today. Daily a-b-c extension into D point of a weekly Gartley pattern (78.2%). Daily D3 volume, which suggests some divergence. Target is the highs of the price range.
Long
by Rocketman
1