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EUR/GBP Bear Gartley Hey Traders So far, this pair has been treating me well, it's funny because every week I tend to have 1-2 pairs that perform well, and the others are blah. I have a simple 10 pair portfolio, so I have my USD pairs the majors, I have some yen pairs, and my pound pairs, and recently the pound has been nicer to me than most and it's probably because I have a lot of friends across the pond, so shout out to all my UK traders ! Anyways, back to the task at hand, we have a Gartley formation up at 0.86175, and what I like about it, is that the completion is close to the X leg, so great R/R . I took that Bat pattern all the way up to 0.85649, had to exit due to the high impact news coming soon, we have ECB mario draghi speaking, and then later on we have the ADP non farm for the US and I think finally we have some GDP m/m for the loonie. So stay alert, and make sure to have either your orders placed, or be vigilant to avoid any trading errors. If you have any questions, feel free to comment below !
Short
by TheAlcoveFx
USDJPY At Market GartleyHey Traders, So the idea I had JUST posted went down in the toilet. So I feel compelled to bring you something else. We have an AT MARKET Gartley on the daily. Now I don't trade this since its way to big for me, BUT I can look for a reason to get in short on the trading timeframe, using the Gartley on the daily as my reason for longer term direction. Being that UJ has been very overextended, a relief wouldn't be out of the ball park. Anyways, make sure to check your stops, my stops are above X, targets the 38.2 and 61.8 of the CD retracement. Like always if you have any questions, feel free to comment below
Short
by TheAlcoveFx
EURGBP BAT Pattern Short Hey Traders, Good morning and welcome to what I hope to be a GREAT trading week. Why? I don't know, I'm just feeling in that type of mood, so lets hope the market agrees and doesn't fight me on this one LOL. Anyways, Today we don't have much on the radar, just this pattern on EURGBP which is giving us a potential set up, we would just need price to continue going up to our completion. Longer term, we are currently in the dip of a TCT on the Daily timeframe so technically it's expected to keep shooting up, however for the same reason I did not take the long on the lower timeframe, is the reason I'm not too worried about shorting. AND patterns get priority over my other strategies. Besides that, there's not much I am looking at, but if there is, I will shoot it through here, so make sure to click follow! Like always if you have any questions feel free to comment below! Good luck and good trading
Short
by TheAlcoveFx