Long Gartley Pattern GBPNZD 4HGartley pattern formed this week and got triggered in this afternoon
Previous level of resistance likely to act as support before GBP moves higher.
Entry at: 1.92124
Stop loss at: 1.90807
Target 1 at: 1.93080
Target 2 at: 1.93728
Targets will be moved to account for extension of D leg
Harmonictraders
Cypher Harmonic on BTCWhat you see here is a Cypher Harmonic on the BTC chart. Trade should be on the .786 of X-A ( ~ 42.8k ).
Confluence for a short entry:
- Previously value area low (VAL) on the previously consolidation.
- .786 (X-A)
- 1.414 (B-C)
- Untapped Daily level
- Gann Fibonacci Fan
Target: 37.7k untouched daily level.
Take profits on ~ 41k and 39.8k.
Stoploss on validation on around ~ 44k. Reason for this is the Cypher pattern is not validated when it reach above the .786 of X-A.
Risk/reward ratio: 1 on 4.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.27337
TP: 1.24278
SL: 1.29122
Bias: Short
For this instrument we can explicitly say that the trend is bearish as we do not see any short time recovery from the current situation. GBPUSD is under bearish pressure and it will continue as a lack of necessary stimulant to fight the dollar back.
LT - SHARK PATTERNThere is a formation of the Shark pattern on the daily chart of the Larsen & turbo.
The first Potential Reversal Zone of the pattern is at 1625-1636.
The second PRZ stands at 1550-1560
Keep an eye on price action around these levels for catching a reversal or pullback trade.
Weekly support of the stock also coincides with this pattern, making it an important formation.
The bearish Gartley still lives!This harmonic has so far played out amazingly well. The main trouble I had was not noticing the triple top made around 14250/14300. This then sent us down to complete the full 886 extension of the C. I've updated the chart and hidden the green fibs + GZ and added these white fibs with a green box. If the PA manages to break and close above the green box then it'll carry on to the D where I'll be taking profit and looking for a short entry to bring us down all the way to 11k. If the green box holds on the next attempt then the D will not come and we'll go to hell all the same.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.27396
TP: 1.25053
SL: 1.28890
Bias: Short
For GBPUSD we are bearish in bias and we anticipate a short opportunity because of strong dollar. The strength of dollar is driving GBP down, so we have to look for a bearish opportunity from the current price context.
EURUSD ShortTime Frame: 4H
Symbol: EURUSD
Entry: 1.07482
TP: 1.05122
SL: 1.08818
Bias: Short
Our bias for EURUSD is short. We believe that the pair will go further down creating a better shorting opportunity. There is no quick turn around from the current situation. So let us look for a selling opportunity.