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Deepgartleypattern

EURUSD-Weekly Market Analysis-Oct22,Wk2If you had read my overall analysis(check out the Related Ideas within TradingView) on EURUSD, you might get a bit confused with this analysis. How could we look for a buying opportunity where the overall trend is bearish? In fact, we can, there are ebbs and flows of the market, so within the bearish trend, there are bullish movements within; what is important is that you have to know if you are trading with or against the trend. This Deep Bullish Gartley Pattern has been violated, there is a break and close below of X, but with NFP(Non-Farm Payroll) just happening last Friday, I like to give EURUSD some leeway(but leaning towards not engaging it. Some of the further movement I need to see is an immediate reversal( bullish ) with a double bottom combined with RSI Divergence.
Long
by RaynLim
GBPJPY - Bullish Deep GartleyWell, I hope the Bullish Deep Gartley will not be a valid pattern because I'm pretty involved in the Potential Head and Shoulders Pattern setup. The candlestick movement never fails to amaze me. Look at the related ideas in TradingView, and see how the candlestick pattern stops, pauses, and reverses on the dotted line that I had drawn in advance. As a mature trader, I have to see the possibility of another trading setup. With that said, even if the Deep Gartley Pattern shows up, you will still need to wait for candlestick pattern confirmation before engaging in the trade.
Long
by RaynLim
4
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.
Long
by RaynLim
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.
Long
by RaynLim
GBPUSD-Weekly Market Analysis-Mar22,Wk4Don't feel bad if you have missed the Bearish Shark Pattern movement, especially if you have deliberately avoided it. I believe you would have regretted if you had long instead of shorting the Shark Pattern because you saw the news that the Bank of England had planned to increase the bank interest rate. It is important that you know to stay out of news trading, and now you have seen why. It's indeed a pity that by avoiding the news, we had missed 84pips of market movement. But, I actually feel good about it. Trading doesn't require us to take unnecessary risks, remember that. Because we are patient, there is a Bearish Deep Gartley Pattern complete at 1.3206 for us to consider to short the GBPUSD on this setup. How have you managed the BOE rate released? Comment down below and share it with us.
Short
by RaynLim
6
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?
Long
by RaynLim
EURUSD-Weekly Market Analysis-Mar22,Wk3Traders need to plan their trade; even there wasn't any trading setup, this happened to us last week(check last week's related ideas within TradingView). This week, we have upgraded from a Zero trading setup to a VIP trading setup. We have a Bullish Shark Pattern complete within the Buy Zone on the 1hourly chart. What makes this trade special is that we could use the Trade Management system to stretch our final target to the Bearish Deep Gartley Pattern on the 4-hourly chart.
Long
by RaynLim
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.
Long
by RaynLim
GBPUSD-Weekly Market Analysis-Feb22,Wk3Remember the Bearish Shark on the 4-hourly chart I'd shared last week? It has made its 4 runs towards its profits of 117pips each run, that's 1,170USD per standard lot on each run, and it is reaching its fifth run. If you had missed those waves, don't miss them again! You might have a chance to engage the trade on the Bearish Gartley Pattern, if you manage to trade the Deep Gartley Pattern, it happens to be at the Entry Zone, better known as Type3 Shark Pattern. Trade like these I call these trade the Combo. You have the option to engage in trade with minimum loss and maximum profit potential. The key to this is the knowledge to identify if the Combo Trade is possible. You have to know that a potential bull flag is going against you on the 4-hourly chart after these runs. Get a coach, learn the right stuff, and you can identify these trends by yourself. Having the choice to work anywhere in the world is pretty cool, especially during times like this.
Short
by RaynLim
3
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.
Long
by RaynLim
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.
Long
by RaynLim
1