We have a nice Gartley pattern here..so wave lable should be reconsidered.
Looking for Price to hit .8835 to take a short to the bottom of that harmonic pattern. If the price bounces off the .88016 level or similar, I will wait for it to test the D level on the Gartley to take a long position.
Possible top forming here with what appears to be a good harmonic patter of AB=CD. looking to short with Put options after a candle under candle confirmation on the 4 hour chart. SL 120.00 1stTP 110.94 2cd TP 107.94 . thanks for viewing and any comments welcome!!! Bud
There is a potential Bearish cypher pattern that is going to potentially complete at 1.31282. There are a couple of options that you have for taking targets with this setup. Since the gbpusd has just broken structure to the downside, we are in a bearish trend on the 1 hour time frame. So you can take the traditional target 1 and 2 at the 38.2 and 61.8 fib...
Since the previous release of FOMC and good NFP report, it seems that gold could be, again, under pressure like it was in 2015. So, until the FED's decision of interest rates (in december), and if economic data are pointing some recovering, prices should go lower. I will activate this trade idea if price breaks the mid-term TL (see chart) Cypher pattern with D...
The GBPUSD market seems to be setting 3 different potential harmonic patterns within the same area. 1) In blue we have a Cypher Pattern 2) In yellow we see a Bat Pattern 3) In red we see a Gartley Pattern In a perfect world, we´d be able to sell the Gartley all the way to the buying point of the Cypher for example. We can only dream :D. I will update this post...
AUDUSD has been in a heavy downtrend. Just keep selling the rallies. I'm using the Bat Pattern for my Entry on this Trade. The Fib Inversion lines right up with Bat Entry. The Bat lines up with Structure on the 1hr Time Frame. I'm am going to assume that the RSI will be oversold once up there. CTS score of 7. If we get any divergence on the RSI that will put us...
good for 100+ pips on 2nd target
Read text written in the chart.
Read text written in the chart.
We have a bullish gartley pattern seen in Audusd. Price must not close above 0.9940 in order for the BC leg to be valid. Buyers can look to buy at 0.7835 should this pattern play out