1st idea this is a simple formation of heand and shoulder pattern with positive risk to reward ratio. however from experience head and shoulders tend to be unrealiable to trade with acution the 2nd idea this is a gartley pattern formation which in my opinion can be realiable but again nothing is guaranteed
Just seen this simple pattern nearing its completion. am on a long position
this is a head and shoulder pattern forming in conjunction with bearing EMA
Trading the EURCAD pair in a long position simply on the basis of support and harmonics
Live eurjpy formation of harmonic pattern forming at key levels for a possible shorting position. gartley pattern formation x to a for a b measuremnet of 618% exactly D position is a X to A measurement at 786%
This pair looks to be on an upward move and may likely reverse on the completion of a harmonic pattern. this is not for certain but its my analysis of this pair at the moment. There is no natural resistant stopping the bulls carrying on
The X-A leg is generated by an initial price swing in one direction. The market forms the B if it touches at least a 50% retracement of the XA and it does not touch a 61.8% retracement of the XA. The market forms the C if it touches at least a 38.2% retracement of the AB and it does not exceed the A. The Market forms the D (completion point) by...
The X-A leg is generated by an initial price swing in one direction. The market forms the B if it touches at least a 50% retracement of the XA and it does not touch a 61.8% retracement of the XA. The market forms the C if it touches at least a 38.2% retracement of the AB and it does not exceed the A. The Market forms the D (completion point) by...
just trading gartley pattern to the down side as a short
Gartley pattern to the downside formation. price is in the area where it could make brief correction but going back up. price had a reaction at the 786 point hence given confirmation
trading this pair on the basis of harmonic pattern formation offourse not 100 percent sure if this will pan out the way i want but the maths is correct it should also was listening to radio when this was recorded hope not copy right infringe intended
Going short on the back of key resistant level hopefully, this level holds. if it does price should go down for shorting opportunity