Hey guys, just took profit on the EURJPY short we took last week. +110 pips! The new few hours/days, I will be monitoring this pair for a chance to reshort it around 115.40 on a gartley pattern. Will wait for some sort of RSI divergence and candlestick reversal before I execute my short. Thanks for following me, may the pips be with you! EP: 115.40 SL: 115.90...
Hey traders! I'm trying to make some sense of this whipsaw action after the flash crash. We can see a correction is in process after the bearish impulse on 10/6. This trade capitalizes on a possible double combination wave: triangle -> flat -> zig-zag, where we are trading the final stretch of Wave-c. I want to move my stop to B/E quickly to protect the...
GBP/USD GARTLEY: Staying short on the pound, for obvious reasons. Here is a bearish Gartley parrtern likely to form on the 1H chart. Further consolidation on this pair is imminent considering recent happenings surrounding the EU negotiations and the upcoming US presidential election. Gartley ratios: AB: 0.618 BC: 0.382 - 0.886 CD: 1.272 - 1.618 XD: 0.786
FX:AUDUSD Safe Trades;
There is a potential Bearish Gartley in EURJPY completing at 115.46. Stop is above X, target 1 at 38.2 (114.91), target 2 at 61.8 (114.57).
Potential Bullish Bat pattern completing along the trend line support on the daily and 4 hour. Wait for D point completion.
There is a potential Bearish Gartley in AUDCAD completing at 1.0806. Stop is above X, target 1 at 1.0033, target 2 at 1.0004
Constructive criticism is welcome. Thanks
This Pair is currently in a stong Bullish trend which will most likely continue, however i feel we will see an outside return soon. I can see we have 2 possible advanced Patterns forming on the Daily timeframe. A Bearish Gartley is possible, D completion does line up with some previous structure which could act as resistance, however this was broken last time....
Not the most ideal Gartley formation, but ratio wise and structure wise, we do have some nice confluence up at 1.3310.
There is a potential Bearish Gartley completing at 1.2389. Stop above X, target 1 at the 38.2 and target 2 at 61.8
This is where I expect the price to be heading, However I am not in a active trade yet, look for Bullish positions intraday toward the bullish side of UJ until this level. unless anything unexpected happens with BOJ or the Fed.
sell @ 1.56416 great RR!
buy @ 0.99618 I don't think this XA leg is very clear cut but I will use this pattern to enter into a trend-continuation trade. Also this pattern allows me to put stops below the 0.9983 weekly major support line as well as below the previous highs that repeatedly bounced off 0.9940-60.