I don't trade huge patterns, like this one, but i just wanted to post that for you traders. This is a 1 year old gartley pattern, that may complete if market drops 200 pips lower. - Gartley completion at D - Ratio confluence at D - AB=CD - D at massive previous structure - stop at lowest price in history of EURNZD ! = 1.4981 - entry at 1.5551 - target 1 at...
Lot of ratios going on here, there is two pattern, however we can't tell which one is going to complete. The thing we are pretty sure of is that the market is either going to 0.9382 then to around 0.9347 or 0.9337 then 0.9379 and 0.9347. Don't worry about the these prices, just look at the screen shot and look at the blue and orange arrows. We can tell than the...
Stop : 139.424 ENTRY : 139.316 Target 1 HIT : 139.112 Target 2 : 138.979
Stop : 114.181 ENTRY 114.079 Target 1 HIT : 113.924 Target 2 HIT : 113.827 20pips win, no trouble, nice and simple trade.
Nice overall bat completion we enter in the trade at D, roll easily to target one and two. Then we have double top, giving us a .......2618 trade opportunity. As we can see the "double top" on the RSI looks different, if the second top is lower, then it's a good indicator than market is going for a 2618 trade. Bonus :) Just saw a 0.618 retracement from last leg...
After getting low but not stopping us out, because we but smart stops :) Market goes higher for target one. Target is at 1.8352. We may have trouble getting through blue dotted line (=support level becoming resistance), it matches right in 0.5 fibs of last leg of the move. We could see a retest of that structure level, then we have a double top with a 2618 trade...
Gartley Pattern is completing on EURCAD, we are going up to D point at 1.5011. For the Potential Reversal Zone, we have XA 0.786 + BC extension 1.272. However, if AB=CD, CD leg isn't long enough. We just need a nice doji/engulfing + RSI overbought for our entry. Entry is also at last resistance level. Stop loss at previous resistance, target is 1.4959 at...
Double opportunity on GBPCAD, with a bearish bat and a bullish bat. Let's go through the blue pattern formation, we got B at XA 0.5 then a potential C at AB 0.786. If the markets reaches C then go back for XA 0.886 (at 0.8529). However, i don't see any ratio confluence, so i don't think it'll complete. Now i'll explain the orange pattern, B at XA 0.5 then C at...
Get ready for entry, you advance pattern traders out there ! There is a structure level that could stop us reaching our D point. However it seems like the market wants to make it, hopefully it will. Also, RSI is at 30% meaning it has still some strength to go down 90 pips. If D is reached we're for a nice move up trend, target one is at 0.618 of CD move, and at...
Yesterday evening, i looked at the charts and saw two potential pattern. Each of them weren't at C yet. So i decided to put two orders for entry at potential D. Here the D was 114.99, with a nice 2 to one. The other gartley pattern didn't complete so the order has been ignored. I just wanted to post that because you need to know that buy and sell orders are very...
Bat pattern formation : B at XA 0.5 / C at AB 0.5 C point should be at 1.6854 because of previous strong support/resistance, between AB 0.618 and 0.786. My Case For Entry, 1.6958 PRZ. -Previous support and resistance level -Ratio confluence -Advance pattern formation -look forward to checking the RSI overbought
Hey traders ! Bat pattern may complete after hitting C point at previous structure support 173.04. It would come to D point at 170.00. I have a ton of ratios matching in at that position (i have drawn two previous trend lines in dotted black lines) FG retracement has 0.382 on D and HI retracement has 0.618 on D. Also we got ratio confluence on D with XA 0.886...
We got a nice gartley at the end of this trading week. I haven't tarded it but i noticed it on the charts. Entry should be at 1.4780, stops bellow X and at previous structure 1.4654. Target is at 1.4926 for the 0.618 CD ratio. If the market pulls back for the retest and breaks structure at X point (1.4714) i'll look for a entry. Note that the market is extremely...
Chart : red dotted line = structure level red trend line = stop loss violet trend line = entry green trend line = target Bought at 171.313, we went for a double bottom into previous structure support (red dotted line). A 2618 trade opportunity has been noticed in lower time frame (15MIN) Now, it should be easy to get higher into our target, 172.091. If market...
10 PIP Reward trade on GBPJPY, with a bat pattern. It could complete at D=0.886 of XA with C=0.786 of AB Must complete in the following hour, not to much of an opportunity but it's still there :)