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Bearish Gartley

Getting involved in the potential C-D moveLooking for an opportunity to get involved in this downtrend move got a very nice potential Gartley formation coming right at structure. But this time the market gave me another signal that stick to my trading rules in order to enter in this position, we got a double bottom at a very psychological number of 101.000 with RSI divergence, so in this trade I'm entering with a very tight stop not looking for a trend reversal trade but a C-D completition move where I'm planning to reverse the position and go short. Keep it simple, and focus on the process Twitter: @JeanC680 Jean
by JeanConsole
2
Multiple confluences for a short opportunityWe formed an AB=CD move that completed right around the 1.270 ext area, and that makes us think that the market is moving in a harmonic and structural way. Then we got our double top with RSI divergence first top being Overbought, and that got me interested in the setup. Looking for an opportunity to enter short in this market found a potential Gartley that completes in another confluence zone of Fibs ratios, (.786 & 1.270). --If those ratios would have matched perfectly on each other it creates the well-known “222 Gartley”-- So for me, this is a valid trade and I'm looking forward to it. Hope it completes and gives us the opportunity to join before the NFP. Keep it simple, and focus on the process Jean Twitter: @Jeanc680
Short
by JeanConsole
GBPUSD - Bearish Gartley+++ Don't forget to LIKE & Follow+++Market hit the entry level of this Deep Bearish Gartley. We are more than 30 minutes after the USD news so it is safe to execute a trade. Stops above X and conventional targets - we got more than 1:2 Risk/Reward Factor on 1st target. Entry @ 1.3243 Stop @ 1.3264 Initial Target 1 @ 1.3195 Initial Target 2 @ 1.3165 Good Luck! -Alex I'm a Professional Currency Trader & Mentor with years of trading experience. Download my Free Ebook & transform your trading Today! ow.ly If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Short
by Aleksandar_Rose