AUD close to resistance pointAUD has been trending very nicely to the upside but now we are approaching to a spot of resistance.
We have a Gartley formation with an AB=CD move as a plus.
Notice that also we have structure looking left and a descending trendline that until now has been respected. If the Gartley pattern completes, it may create a "fakeout" on that trendline. Going to keep an eye on this setup
Keep it simple, and focus on the process
Twitter: @JeanC680
Jean
Bearish Gartley
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
GBPJPY Short opportunityThis time i'm looking to enter short in this pair, as it brokedown previous structure support.
Found a potential opportunity with a down trendline retest and also a Gartley formation completing around the same level.
(White lines are a AB=CD measure movement that completes around the same area too)
Let's wait and see what the market gives us.
Keep it simple, and focus on the process.
Jean
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
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USDCAD : Bearish Bat & Bearish GartleyFrom the post itself we came to know that we got two patterns overlapping each other, so decide which pattern you wanna trade. Check your ratios before entering & two patterns doesn't guarantee a downward move.
Check your risk-reward and short USDCAD
Keep supporting...thanks for your support !
Happy Trading !
NZD/USD 60 min Bearish Gartley and Bearish ABCD patternI'm looking to get short around .7143 with my stop at .7160. I have two targets, first at the .7100 even handle and the second at the swing low at .7075. There is a ABCD completion around .7146 and a bearish Gartley completion at .7135. I really would like to see some bearish candles around the .7140's before getting short. Good luck trading out there.