Gartley
GBP/USD LONG ANALYSIS
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
NULS completed a setup for up to 20.50% pumpHi dear friends, hope you are well, and welcome to the new trade setup of NULS with US Dollar pair.
Recently we caught almost 24% pump of NULS as below:
Now on a 4-hr time frame, NULS has formed a bullish Gartley move for the next price reversal.
Buy between: $0.8339 to $0.7920
Sell between: $0.8926 to $0.9547
Stop loss: $0.7920
Possible profit ratio:
As per above targets there is a profit possibility of upto 20.50% a loss possibility is upto 5.50%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
YAG - Yet Another GartleyI'm observing this likely bullish pattern with a potential return of the BTC price to around $34,000. Went short following the completion of a bearish pattern on the H4 timeframe (bearish H4 Gartley) at $71,400. First TP at $51,000 and the second at the B point of the pattern (I would buy if it goes there to sell at point C). Final TP and reverse at point D around $34,000.
Narratives (ETFs, halving, RWA, etc.), the prevailing euphoria ("it can only go up"), and my contrarian mindset lead me to anticipate a severe price correction. It will likely need an external catalyst, I'm not sure, but fundings and the leverages are too significant, and the BTFD are resurfacing. Yes, BTC is bullish, the narratives are bullish, liquidity is entering the crypto market, but in my opinion, the risk/reward is more interesting from the seller's side.
I still hold my BTC ;) and remain very bullish in the VERY long term.
Aevo completed a setup for upto 26% pumpHi dear friends, hope you are well and welcome to the new trade setup of Aevo with US Dollar pair.
Recently we caught almost a nice trade of AEVO as below:
Now on a 2-hr time frame, AEVO has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
GBPUSD reflecting from support- markets expect rate cuts staring Jun 24
- positive data from US economy
- USD probably will weaken (temporarily) against EUR, GBP, AUD and JPY
- GBP at strong support cluster: Bullish Gartley D point + ABC correction at 1.25988
- potentially price may rally up to resistance at 1.27500
GBP/USD LONG ANALYSIS...
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
SHIBA INU (SHIB) completed a setup for upto 14% pumpHi dear friends, hope you are well, and welcome to the new update on SHIBA INU (SHIB) token with US Dollar pair.
In the previous trade setup SHIB was very close to enter the buying zone, but pumped without entering the buying zone as below:
Now on 4-hr time frame, SHIB has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long on EURJPY with CautionThis week, I'm taking a long position on EURJPY based on the 4-hourly chart. While some may see it as a Bullish Gartley pattern with a warning sign, others may interpret it differently, perhaps as a Bullish Gartley on PEZ or a key support level.
My Trade Plan on EURJPY
1. Long position initiated based on the 4-hourly chart.
2. Watching closely for any violation of 161.23, which could prompt a reevaluation.
3. Awaiting the market to hit the first target.
Share your thoughts and trade plans for EURJPY. How are you interpreting the pattern?
Let's continue the discussion!
Injective Protocol completed a setup for upto 19% pumpHi dear friends, hope you are well and welcome to the new trade setup of Injective Protocol.
Recently we caught almost 50% pump of INJ as below:
Now on 4-hr time frame, INJ with Bitcoin pair has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Bullish Bias on GBPJPY1. Bullish Bias:
- I have a more bullish outlook on GBPJPY compared to GBPUSD.
- Clear violation of the Daily Chart on both GBPUSD and GBPJPY.
2. Trading Setup:
- A Type2 Bullish Gartley Pattern on GBPJPY is the key trading setup.
- Aiming to go long on GBPJPY.
Share your insights and trade plans for the week. What's catching your eye?
Let's discuss and navigate the markets together!
SOXL: Logscale Bearish Gartley at Trendline ResistanceSOXL has reached the Logscale 0.886 of this potential Logscale Bearish Deep Gartley which aligns with the upper trendline of the channel it has been trading within. If it plays out, I think we could see SOXL come down to the lower trendline and perhaps even lower. This May be sparked by a selloff in NVDA and AVGO.
LUMN: Bullish Gartley Visible on the 3-Month ChartShares of Lumen Technologies are currently sitting at the HOP Level of a Massive Bullish Gartley that is visible on higher timeframes such as the Monthly and Quarterly Charts. It is also showing Bullish Divergence on the MACD and RSI and looks to be ready to make a move towards $6.00 in the short term, but the situation could evolve into a bigger long term move towards $25.00 and $50.00
NAS100 - Trading Consolidation w/ Advanced Pattern FormationsA look at a couple advanced pattern formations setting up on the Nasdaq & walking you through how these patterns could be used by traders looking to find opportunities within periods of market consolidation.
If you have any questions or comments please share them below.
Akil
VLCN: Bullish Gartley with Bullish Divergence at a Double BottomVolcon is potentially forming a Double Bottom with Bullish Divergence and is doing so at the potential HOP Level of a Bullish Gartley on the Hourly with Bullish RSI BAMM Confirmation. If this Gartley plays out we would expect a move towards $3.00 this move towards $3.00 could then lead to a Double Bottom breakout which would take the price up to around $7.00
Harmony (ONE) completed a setup for upto 20.50% pumpHi dear members, hope you are well and welcome to the new trade setup of Harmony (ONE) coin with US Dollar pair.
Previously we caught more than 20% pump of ONE as below:
Now on a 4-hr time frame, ONE has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BLUR---->Long (but What's Next Move?)Hello to all
Regarding the Todays Sharp movement, it seems that the general view of BINANCE:BLURUSDT.P is very bullish , but after such a movement, it is not out of mind to expect a correction of 20 to 50% at most .
In my personal opinion , the price in this trend will not have the necessary momentum to break and cross the $0.45 range , and the price correction will start after the price is rejected from the $0.45 area.
And it will continue until the price of 0.3$ and maybe even more intense up to the area of 0.2$ .
And after that, we can expect the start of the next price rally towards the points indicated in the chart, especially $0.55 and $0.9 .
My Personal setup :
Entry 0.3$ - 0.22$
TP 0.55$ - 0.77$ - 0.9$ - 1.2$
SL under 0.20$
Also, if the price breaks out from the yellow line, we will have a good position to enter and profit from higher targets:
Entry 0.45$
TP 0.9$ - 1.2$
SL Bullish Trend End Confirmations!
Science of Trading ApproachToday, I'm excited to share a detailed approach for trading GBPUSD. If you're considering a short position, here's a comprehensive strategy:
1. 1-Hourly Chart: Shark Patterns at 1.2676
- Wait for Shark Patterns to complete at 1.2676 on the 1-hourly chart.
- Look for a trading combo within the chart when the market retests the Trendline Break (red line).
- Ensure the market doesn't violate the trendline during this process.
2. 4-Hourly Chart: Bearish Gartley Pattern at 1.2725
- The ideal scenario is for the Bearish Gartley Pattern to complete at 1.2725 on the 4-hourly chart.
- Aim for completion before Monday, March 4, 2024, by 5 pm. Patterns completing after this time are considered disqualified.
This Science of Trading approach allows for a meticulous analysis and synchronization of different patterns across multiple timeframes. It provides a well-defined strategy for traders looking to short GBPUSD.
Feel free to share your thoughts and insights. Are you considering a similar approach or have different plans for GBPUSD?
For a visual representation, please refer to the chart link in the TradingView post.