127
Gartley Pattern Says Sell BITCOIN?!As it was indicated in my previous BTC analysis, the price went up and then formed a shooting star candlestick, which is a reversal bar. There is a structure level at 10127, which acts as resistance level. However, it seems the price already started to go down, as the sellers momentum already there. Moreover, the BTC formed a Gartley pattern that reached a reversal 127% Fibonacci extension. From this analysis, it is expected that the BTC price will go down and Gartley pattern provides the levels for entry and exit.
T1 - 38.2%
T2 - 61.8%
- Follow & Comment -
EURJPY found its top @123?EURJPY battling to break the 127% extension. looking for trendline break to open up a potential retracement to 118.50. Will drop down to 60 min chart to look for short opportunities if we see a trendline break.
GBPJPY Limit Short127% Fade on the GBPJPY. Using pastmarket angle to aggressively enter the market as it retraces towards the 38.2% retracement
USDCAD Early Signs of Head and Shoulders1.34 a great sell for cad, getting in early on a head and shoulder, will be able to add into the position with the price action hopefully following the purple line.
EURCAD M15 - MyTrade - Bullish GartleyJust wanted to publish my trade as this is kind of lesson for me publishing my decisions.
Here played just bullish Gartley (D point confirmed by RSI and is on 127% of BC)
TP1 is 50% of XA (I know, this should be 61.8% at first, but let's try have better RR)
TP2 is less than 38.2% XA.
