Hey guys, in case you don't know this is an harmonic advanced pattern formation that often times occurs in the markets. It is called Gartley pattern and it's made up of 5 different points all responding to certain criteria. The final D point is at the 1.27 extension of the AB leg and you can trade it both by placing your order on that level and waiting for price...
Possible gartley forming. If that gets stopped out then there is another long opportunity with the bat pattern. Hopefully can get in on one of these in the morning.
We have a classic Double Top forming here - The strength is weak, suggesting that it will not break higher before it breaks lower. Also, we have a classic Tweezer Candle pattern sitting right at a resistance. These factors put together make this an obvious short. That said, I'm going to be waiting for one more weak candle close before I go short. Play this smart people!
As you can see in the chart, a potential libra may be forming. SL: 1.19 TP:1.40
With the opening of the markets we can see this pattern locking and earn some money at the beginning of the week.
Waiting on pullback entry... 250+ Pips BUY Good Luck! KEEP THE RADARS UP!!!
As you can see price has potential to form a libra pattern. Good to long at least until it reaches the top of the downward trendline. SL1.03392 TP: 1.1115
I think it's obvious! There's no need for explanation. FX_IDC:CHFJPY Good luck!
Bullish Gartley Pattern Rules, If any rule is violated, the pattern is invalid. The same rules can be used for a bearish gartley pattern.
Bearish Gartley Pattern Rules, If any rule is violated, the pattern is invalid. The same rules can be used for a bullish gartley pattern.
waiting for price to reach D point to take short signal @1.4220 stoploss @1.4320 takeprofit @1.4065
waiting for price to reach D point to take short trade @1.3200 stoploss @1.3246 takeprofit @1.3131
waiting for price to reach D point to take long trade @84.46 stoploss closing below 83.90 takeprofit @ 85.20
bullish cypher pattern on NZDCHF buy @0.7190 TP1 @0.7212 TP2 @0.7234
entry point when price form CD Leg @1.2379 first takeprofit @1.2335 second takeprofit @1.2267
Hey all, Haven't seen much activity in the markets this week. Checked NZDUSD this morning though and found an at market Cypher pattern. This pattern has already pressed lower than the .786 retracement entry but is still valid which means we can get involved with a better risk reward. Only a small risk on this trade so should be open to most traders. This is also...
great selling opportunity and the market will be coming up to possibly make a double top. Look left you can see the market respects this area number of times. A bat pattern forming at D completion. I love this pattern, I have recently managed to add it to 3 pairs to trade.
Potential pattern on the radar for the EUR/JPY 60