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.
Gartlypattern
POSSIBLE BULLISH BUTTERFLYIt is not shure but this could be bullish butterfly. Look for buy entry in the area of the blue line the green one is take profit use wise risk managment also RSI is in overbought so bulls might push the market up a bit before the next drop
Wait for buy signals like rising star or engoulfins. What do you think ?
potential harmonic pattern on 2018.02.05:EUR/JPY EUR/NZD EUR/GBP
From now on, I will publish the harmonic pattern I found once or twice a week.
There is a AB=CD pattern in EUR/JPY. As you can see, AB's height is the same as CD's. Now short it and set your target at 38.2% of AD
There is a three-drive pattern together with a butterfly pattern in EUR/NZD. Now the price is active around the potential zone.
Also, as previously mentioned, GBP/CAD has a large bat pattern. The larger pattern happen, the longer time you need to hold your position. Now a small bat pattern may come ture. if price reach 1.7600, I will add my short position
also,a potential gartly pattern in Eust50
bearish gartly and AB=CD pattern:short AUD/CAD
Now I found some signal of stronge CAD in this week. The signal shows in AUD/CAD GBP/CAD NZD/CAD
For AUD/CAD, there is a gartly pattern. B is near 61.8% fio retracement of XA which is near 1.0000. And D is determined by 1.618BC and 78.6%XA. We call it potential reverse zone that also exist a AB=CD pattern. So short it
Also found a bearish shark in GBP/CAD
a bearish three-drive in NZD/CAD
watch for CAD date this week
Buy GBP/NZD around 1.9300: bullish gartlyA bullish gartly in 4H chart, nearly compete. Let's look at it.
A gartly pattern is determined X A B C D.
B is 61.8% fio retracement of XA(1.9370) and C must within 38.2%-88.6% of AB.
The final reverse point:D has to be aorund 1)78.6% retracement of XA and 2) 1.272-1.618 times of BC
So the PRZ zone is around 1.9300-1.9250.
stop loss at 1.9100
Target:1.94715
good luck
long EUR/GBP to 0.88673:bullish gartly pattern Now there's a gartly pattern on EUR/GBP 4H chart.
B(0.88412) is 61.8% fio retracement of XA(0.87348-0.90125),this's the first condition of gartly pattern
D(0.8800) is 78.6% fio retracement of XA,this's the second condition of gartly pattern.
D is also 1.272-1.618 times of BC , this's the third condition of gartlt battern.
Three condtions meets, pattern is formed.
stop loss at 0.87677
target at 0.88673
wait for the better chance
bat or gartly:long CAD/JPYa gartly is on the chart:D(86.791) is 78.6% fio retracement of XA and B is 61.8% fio retracement of XA. It meet the requirement of gartly pattern. And the price now just move a little in these days---price seems to stop falling
Sometimes a gartly can turn into bat: If it's a bat pattern, the D will be 88.6% of XA, it will be around 86.263. So we have two price level to long CAD/JPY.
Watch the price action and be careful with the data of Canada on Friday