Bullishdeepgartley
GBPUSD-Weekly Market Analysis-Jun22,Wk2If you are looking to ride on the wave on the daily chart, either the late entry of the ABCD Pattern or engage the trade based on Potential Head and Shoulders setup, your chance is here. When the market opens wait for candlestick confirmation at 1.2369, the Bullish Deep Gartley Pattern. This is a counter-trend trade move and might inverse the Bearish Shark Pattern setup that you are in. It is important for those who have engaged the shark pattern to shift stop-loss to entry.
You can now see that it is important to follow a coach who shares with you analysis before it happens and it is important to like that analysis that you are learning from, and that is because when you've related ideas, you will receive the notification and learn from it.
USDCAD - Demand ZoneBesides waiting for the Bullish Deep Gartley setup, there's another way to engage the USDCAD chart. If you are into this consolidation or sideways movement, you could wait for a trading setup on the lower timeframe, preferably the 1-hourly chart for this setup.
You can wait for a minimum setup of Double Top setup with RSI Divergence, in that case, you can have a tight stop, even if it fails you won't be losing a lot.
Always remember, there isn't any hurry in hopping into a trade.
It's always better to miss a trade than to jump in to one you regret.
EURUSD-Weekly Market Analysis-Mar22,Wk4EURUSD is on a Bearish Trend, and if you are on plan to long EURUSD like I did, you are in a counter-trend trade. If you have a long EURUSD base on the Bullish Shark setup(link at the bottom), the target2 based on the textbook case has fulfilled its final target level, not for me.
I'm waiting for one of the two different trading opportunities to have an additional trading idea to engage on the counter-trend move.
Opportunity
1.) A Double Bottom setup that touches 1.1019 but does not close below 1.1001
OR
2.) A Bullish Deep Gartley Pattern(depends on where Point C reverse) completes within the Buy Zone.
So, what are your trade plan for this?
GBPUSD-Weekly Market Analysis-Mar22,Wk2We have a Bullish Deep Gartley on the Daily Chart. There are 3 things that I'm not comfortable with this Deep Gartley Pattern are:
1) A retest at Point C
2) Consolidation right before the Gartley Pattern completion.
3) Strong Bearish Candle as the Terminal Bar of the Harmonic Pattern.
However, what's comforting to see is that the Weekly Support Zone(1.3220~1.31402) coincide with the Deep Gartley Pattern completion.
What you can look out for is a Double Bottom with RSI Divergence that can strengthen the bullish movement of this trading setup.
GBPJPY - Bullish Deep GartleyWait for it...
The Range Bar chart has given me to short this pair at 156.09 and has exited at 155.36, a total of 73pips which translates to 639.75USD/lot traded.
If I were you, I will not immediately engage the Bullish Deep Gartley Pattern, even when it is a trend trading setup formed within the Buy Zone or known as the Demand Zone.
With such a strong bearish movement, it is a great idea to wait for the candlestick to pause and reversed.
It is ok to miss a trade, but what's not ok is to return the profit back to the market.
CADJPY - Bullish Deep GartleyIf you have followed me, you would have known that I've shorted CADJPY on the Range Bar Chart as a Bearish Bat Pattern path the way.
What I did is to engage, took my conservative target, shift stops to entry and stretch my final target to the Bullish Deep Gartley Pattern.
Before you start thinking out of the box, your fundamental has to be right.
GBPAUD - Bullish Deep Gartley Some traders may read this as a type 2 Bullish Bat Pattern but are certainly not for me. If you are having that conclusion by reading the candlestick pattern, you aren't wrong, but once again not for me.
I would prefer to engage the trade based on the latest Harmonic Patterns formed in the chart, which is the Bullish Deep Gartley Pattern. The Deep Gartley Pattern form near the Buy Zone within the 4-hourly chart.
Have a closer look at this on Monday if not latest by Wednesday, it should form up if it is meant to.
NZDUSD - Bullish Deep Gartley @ XI know, I know... Lots of Harmonic Traders will not take this trade. But personally, I've tested this particular formation for more than 5years and it works perfectly for me so I'm going to take it.
Deep Gartley Pattern at X is my favourite setup as it gives 1 of the best reward:risk ratio which happens to be the top 3 filters in my list. Combo with long shadow candles and counter-trend level off the daily chart became the best setup I could find.
I've made my decision within seconds when I spotted this setup. Trading doesn't require you long hours starring at the screen and waiting for it to hit target or losses, you just let it run and set an alert at the right place.
These became easy when you have a good coach that teaches you how to and where to.
Check out my signature at the bottom
AUDCAD - Bullish Deep Gartley, StackI've engaged the AUDCAD trade on the M15 chart 0.9157 on a Bullish Gartley or a Bullish Deep Gartley Pattern to some who differentiate the two setups.
The Gartley Pattern gives me a second entry opportunity of the 4-hourly chart's Bat Pattern for a buying opportunity on the Bullish Bat.
That's why is ok to miss the trade and just be patient and wait for a second chance entry.
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AUDCAD - Bullish Deep Gartley @ XA Bullish Deep Gartley Pattern complete at X might be a Harmonic Pattern that traders may forego. Well, for me this is 1 of the best setup as I got the lowest risk possible and highest return.
And to make things even better, I've engaged a single target short with 2unit when the candle break and close outside of my channel as a potential bearish flag formation.
In a way, this trade is risk-free for me. If you decide to engage the trade, you have to observe how the candle react when it approach this region.
EURJPY - Bullish Gartley PatternThe Deep Bullish Gartley Pattern on the 4-hourly chart happens to complete at the same level as the Deep Gartley Pattern on the daily chart. If you had missed the 1st trading opportunity, this might be a second chance to engage in the trade on this counter-trend setup.
For trend traders, there is a red slanted line, and that is known as the trendline. It was the same trendline you can see from the link within the tradingview post below, resulting after the market has broken and closed below the sideways consolidation.
USDJPY-Weekly Market Analysis-Aug21,Wk1A Bullish Deep Gartley Pattern is about to emerge on the USDJPY 1-hourly chart. If you are a support and resistance trader, you might be looking for a buying opportunity at 109.41. What's more important is to wait for the candlestick confirmation before engaging on that trade.
There is at least 1 harmonic pattern on each timeframe I'm trading at, the 1-hourly chart, 4-hourly chart and the daily chart. Are you able to spot all of them?
Share your analysis on the comment box.
GBPUSD-Weekly Market Analysis-Nov20,Wk1Base on the Fundamental Analysis, I'm still bullish on GBPUSD, although the Technical Analysis doesn't show a prominent setup of such. On the 1hourly chart(link at the bottom), there was a bullish bat pattern setup and the market check-back, just that it did have a break and close below X which can be a concern for traders who are looking for buying opportunity.
On the M15 chart, we do have a Deep Gartley Pattern which completes at X. Although for the setup to complete it will most likely break and close below the trendline, the only attraction it has is that it produces a Great Reward is to Risk Ratio.
GBPJPY - Bullish Gartley PatternOften not we will see that Gartley Pattern has a V-TOP or a V-BOTTOM setup, this causes conservative traders having a hard time to engage this harmonic patterns setup as a retest often never happens.
Right now we have the bullish Deep Gartley pattern setup for a buying opportunity, let's see how this trade rolls out as a counter-trend trade.
Trade Ideas Position: EURJPY GartleyA bullish deep Gartley form on the 15-minutes timeframe. Have to wait for the candle close and confirmation before engaging in this trade. Patience is required.
If a break and close below D then I will be waiting for the previous low at 116.39 to engage the trade as a bullish crab.
USDJPY-Weekly Market Analysis-Sep19,Wk2A bearish bat with ABCD pattern on the daily chart got me engaged in a longer-term trade. A break and close above the previous high was the 1 sign I need to know that this plan is sound and there's nothing to worry about, besides, I have already shift stops to lock some profits for all my USDJPY trade.
Being a conservative-aggressive trader, on 1 end, I wanted to trade more for such a lovely setup, on the other hand, I don't wish to exposed too much risk on any single trade. A simple trading mantra I use, "Every Trader Believe That Trade Is A Profitable One, So Do I." This prevented me from over-exposure from any single trade.
So what I did is to wait for other buying opportunities on a lower-timeframe to engage the trade.
On the 1-hourly chart,
1) long at the base flag and exit at the previous high, then shift stops to entry,
2) a retest with indecision candle and reversal candle to long
3) Deep Gartley
4) Now waiting for a retest of the buy zone to engage.