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Bearishdeepgartley

GBPUSD-Weekly Market Analysis-Dec20,Wk5On 16Dec, we have identified the ABCD pattern during our live session and right now, we have a Bearish Deep Gartley pattern that forms up within the consolidation zone of the ABCD pattern. No doubt, this is a counter-trend setup, it is a stronger setup then the week before as there is more indicator line up to support the pullback trade. The aggressive trader can wait for the pullback of 1.3580 to short the market, the conservative trader can wait to engage the market at 1.3608. For me, it depends on the candle formation at that level.
Short
by RaynLim
CADJPY - Bearish Deep Gartley PatternThis is 1 of the most important trade for the week, at least for me it is. We had bearish Deep Crab pattern that we short at the HOP level and had gained 316pips on the 1st target. Well, we are still in this trade and I'm watching closely on this pair if the market retest the bearish Deep Gartley pattern, after the candle confirmation I will engage a new trade to multiply the trade. If market retest the support at point A, I will observe how the candle close, a break and close below A, I will keep the former trade(link at the bottom), however, if it starts to show a double bottom with RSI Divergence, I may intervene and exit the formal trade and turn long.
Short
by RaynLim