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Gartley

AUDJPY 4hr. Forecast!Hello Traders! After Completing Gartley Harmonic pattern in #AUDJPY as you can see in the chart and the Regular Divergence in the top of the chart with check of MACD indicator , I assume the the price will go down to the support line drawn from Feb 2021. I will pull the trigged at 90.73 with Stop Loss 91.72, my target is 87.62 BUT we have to manage the trade normally . anything can happens! What do you think? Please Like and Comments to this post and let's talk technically on this matter. love you all Let's Master the Market together!
Short
by Daragolbon
1
USDCAD > Beautiful Bullish Harmonic GartleyAnalysis of #USDCAD Hi traders, today we will have a look at #USDCAD as you can see here we have a beautiful bullish harmonic Gartley pattern which right now it's more at a better entry level but as you can see the market keeps going down. I was watching this bullish pattern to get a confirmation we are more we are turning more bullish but so far the market is not respecting the support level. what I would like to do here is just wait and see if the market is capable of holding support level 1.34 level and then I will wait to see if I can get a confirmation, reversal pattern on the lower time frame to get in this beautiful bullish Gartley harmonic pattern. it is at the entry point, wait for reversal pattern confirmation before you get in because as of now the market momentum is to the downside I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
by TheTradersAvenue
29
EURUSD: Bearish Reversal Idea, Seasonal AnalysisBearish Indications • Resistance Zone at 1.06428 • Seasonal Analysis show EXY remains Bearish in January 60% of times. • DXY is in a Bearish Trend on Weekly time-frame. • Gartley’s XABCD the point D indicates a reversal in the Zone of 1.06428 to 1.06605 • Monthly Seasonal analysis shows DXY remain Bullish in January 60%. • EXY remained Bullish in December 2022 which indicated to a point that seasonal are working so far. • Weekly Seasonal Analysis show EURUSD remain Bearish in 3rd Week of January • DXY is at a significant Support Zone 103.780 from where a bounce back is possible. • Slight Divergence spotted on ChandeMO Oscillator on EXY . Bullish Indications • 4hrs time-frame Higher Highs and Higher Lows formation. • 4hrs time-frame Three White Soldiers candle pattern. • Significant Support Zone at 1.06322 • EXY is in a Bullish Trend on Weekly Time frame. • Weekly Seasonal Analysis shows EURUSD remains Bullish in 2nd Week of January. • On Weekly timeframe DXY price action show an inverted hammer candle which indicates sellers are in control. • Traditionally EXY and DXY are negatively correlated. Biased : Short Trade PLAN (Short) Entry: 1.06556 (Fib Lvl 78.6%) TP: 1.05711 (Fib Lvl 38.2%) Stop Loss: 1.06881 ( Support area / Higher High/ Fib Lvl 88.6%) Risk/Reward: 1:2.39 N.B. Manage your Risk Accordingly.
Short
by adnanmagsi
SPX500USD: Partial Decline With Two Bullish HarmonicsWe have a Bullish Gartley on the 30 Minute and a medium sized Bullish Shark on the Daily within the local range above the support zone. If we can trade back above the zone marked in the white box on the bottom right chart we will likely reconfirm our partial decline from there and breakout of the overall Descending Boradening Wedge and go for Macro Targets between the 1.13 and the 1.618 Extension of the previous Local High to Low which would take us to the Halfway and Full Measured Moves of the Descending Boradening Wedge Respectively.
OANDA:SPX500USDLong
by RizeSenpai
USDCAD > Bearish Gartley, Two Ways to Trade It!!Analysis of #USDCAD Hi traders, today we will have a look at #USDCAD as you can see on my chart we have a beautiful beautiful bearish harmonic Gartly pattern which may or may not complete near a very good structure resistance level. There are two ways to enter this pattern as you know you can set a limit order at the D leg completion which will be near 1.3650, this way you will have a negative risk to reward. the other way is to wait for the market to reach the optimum level near the structure resistance level of approximately 1.3675 which will give you the optimum risk to reward as you can see, which is how I like to trade I rather wait and see the market pushing and testing the structure resistance level and after that, if I see a reversal pattern like double top or head and shoulders or any bearish candle formation I will take that as a signal to get in the pattern and short the market I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
20