Gartlely
GBPUSD - Bearish Gartley - ShortFX:GBPUSD
A bearish Gartley Harmonic Pattern has formed.
We see a almost perfectly symmetrical AB=CD pattern forming inside a channel.
High Risk: Enter trade one all levels of the Potential Reversal Zone have been reached.
More conservative: Wait for a reversal candle on the daily/4H chart.
Take profit 1 at 1.3129 (38.2% AD)
Take profit 2 at 1.2949 (61.8% AD)
Make sure to manage your trade properly, tighten stops and beware or possible reversals.
A formation of a Shooting Star reversal candle on the daily chart will increase the conviction of the trade.
Happy trading!
Feel free to ask questions.
USDJPY Possible movesPlease support this idea with LIKE if you find it useful.
here is the analysis for USDJPY.
price could drop from here to 104 which is the completion of Gartley, then we can open long if the rules are met,
price could break higher, then we can wait for retest of the resistance turning to support zone to open long
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Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
NZDCAD - PredictionThat is my view of the continued movement of this currency pair. Descending triangle pattern formed since 3 years ago, which was preceded by an upward trend. All I know is that this is a sign of a reversal because the trend that started it was the uptrend.
At the moment the price seems to be going to the trend channel (trendline of descending triangle), so that when the price has reached it, a bearish gartley pattern will be formed, which indicates a reversal of direction. I predict the price will go to the point of the trendline because of a doji candle with very long lower shadow.
The assumption of this reversal is quite strong because of the descending triangle and bearish gartley patterns, with a note if the price reaches the trend line. The real reversal of the descending triangle pattern is when the support line below is broken.
BTC Gartley and/or 3 dives - getting close to decision pointsThis is just an updated version of s3.amazonaws.com
Of course, all this is just probabilities and if someone fat fingers a trade or whale bot pukes, it's all out the window.
There is a high probability for some resistance at 8919.5 and if this is blown, next can be at 9388.
Good chance is, this can cause a correction... or not. I'll just pay a bit more attention at those levels.
euraud.unified gartleya potential unified gartley is setting up on euraud. this setup idea demonstrates my approach. if you wish to learn more about my approach you are welcome to ask your questions below. if you want to use this idea as a signal to open your own trades then mind your full responsibility for you actions. don't ask me where you should place your targets and stops - plan your exits before you enter.