gartley pattern setting up
Chance to jump onto bearish CAD wave to ride the trend up, up up!
A chance to get onto the bearish EUR trend, My stop will be placed above the significant structure area (previous support and resistance) and also above the 131.00 psychological level. I could be more aggressive and place my stop just slightly above the X leg, but I want to play it safer as the reward even with the further stop is more than 1.5 times the risk.
this gartley pattern presents an opportunity for us to jump on the trend to the upside
Good level to jump onto overall CHF weakness. Stop will be below the X level and also the 1.5400 psychological level.
My stop would be the previous HH and above the 0.6600 level.
this would be a good entry to jump onto the bearish EUR trend. JPY has been moderately strong. Stop will be above the X leg, which happens to be above the 131.00 psychological level as well.
CHF has been very bearish the past week and consistently making lower lows. The formation of the Gartley pattern presents a chance to jump on the trend and ride it down.
AUDNZD has been consolidating for the past days. This might be a good trend continuation (there has been a series of LLs and LHs on this pair on the H1) trade. Stop is above the X leg
good area to enter short here. Previous resistances and coincides with 50% fib retracement level from previous high to low.