GBPCAD Harmonic Pattern is made, and now the market is starting to push down, if you are a fan of Harmonics, you may enjoy the move!
So we have a rejection for the last 10 hours on the GOLDEN RATION 61.8 HOWEVER WE ARE STILL IN A BEAR MARKET, i will be waiting for the next candle to wait and see how the market plays out , but the position is long because we are having a consolidation in the zone he we broke markets structure previous high and its reciprocal of 61.8 is 1.618 which i will...
Late entry on gbp/chf, trailing stop to take this profit home
uk.tradingview.com On a 4 hour basis, a 4 hour sustained close below 1.05959/1.05810 cluster area (purple arrow) should open up route to 1.04515 key support level (green arrow). However we are attentive to bullish divergence seen between 4 hour MACD and price (black lines). On the upside, a 1 hour sustained price close above key resistance 1.07111 (blue arrow)...
Butterfly complete if EJ reaches back down to support level.
Alert EURUSD Gartley on 15 minutes chart
This could be a great reversal or just some silly pattern. We are in a very deep correction from previous up waves. What were you all thinking on this pair? Thumbs up if ya' like it and comment with some feedback! :)
hey, traders. We had a series of down impulses (red lines) separated only by corrections. This is a definition of a trend. As we know price tends to move in one direction until it shows the sign of reversal. The sign of reversal is a break of LL's and LH's structure. In this case priceaction instead of making a LH made a NSH, thus signalling us about the trend...
Read the written text in the chart.
As we start to look back into the historical movements of the chart, we see that our Bullish Gartley was indeed confirmed, but now we move on to more possibilities within the Euro Dollar. The first leg of our bearish gartley is seen after we hit our final 61.8 target in the much larger and overpowering bullish gartley into the lower high of the uptrend. Let us...