Bearish Gartley PatternLooking at this analysis, just like with the rest of my post. We trade using Technical Tools. Using and measuring Price action with influences from news.
In this Analysis... I was very reserved sending this one out like a long time ago because price was way off chart for me but, in news. I looked back at this markup to find to my surprise the prediction coming true so with that said :
Good luck with this trade, please use respectable lot sizes with this information.
Using the Amber Rectangles.. They signify support and resistance zones. Using information from the past, as you can tell these price zones are highly respectable turning points.
Using specific Fibonacci retracement measurements made this pattern appear, and I am the eye you will use to see into the market using Harmonic Patterns so give me a follow if you've read this far. Because you're hooked.
Looking at the selling pressure that formed after the bullish momentum is wonderful. At the moment the trade can start and be on its way to TP. Please use Stop loss. and if you don't know what a STOP LOSS is.. Please message me #StopLoss.
Timing is wonderful to post. Please use my analysis as a guideline while doing your own research.
Good Luck and Happy Trading!
Suggested
EURJPY POTENTIAL SELL H4 WEDGE - HIGH PROBABILITY OPPORTUNITY £$Quick clean idea on EURJPY.
Drawn Support and resistance based on structure, wedge tightening.
Fibonacci retrace level shows 61.8% reversal possibility occurring from last months High/low point.
Commodity channel index also heading south after being heavily overbrought
Seeking entry between 136.350 - 136.450 watching smaller TF's play out before commitment.
First target - 135.095
Second target - 133.400
Good Luck and Happy Trading :)
AUDUSD GREAT H4 SHORT POTENTIAL VERY TIGHT STOP GREAT CHANNEL £$Very clean detailed S/R x Fibonacci retrace analysis, 62.8% retracement occurring last 2 candles suggest bullish momentum is dying out!
This trade for me is a channel trade, I use Fibonacci and S/R to add confluence. Please zoom out and examine these areas
The diagonal channel is 3 - 4 months old and very valid and we have seen price already bounce off the top channel 4 times.
Very tight stop any violation of channel suggest full trend reversal.
Commodity channel index overbought currently heading south with break of diagonal bottom
Good luck and happy trading :)
EURUSD SHORT LONG TIME FANTASTIC POTENTIAL STRONG LEVELS £$ Drawn S/R horizontal lines on W1 very strong levels coincide with diagional ray and key Fibonacci levels.
Fib retrace shows 23.6% reversal occurring, Ichimoku suggesting a bounce off kumo -
Channel Commodity Index reverse also respecting diagonal channel.
First target 0% on Fib retrace, trailing stop from then on -
Stop based on historical kijun-sen flat line, slightly above visual red stop level on short position target
Good luck and happy trading!
Dawn of Lucrative Channel(/trend) USD/CADBases: Fib. confluence with structure, Stoch RSI, Robust Trendline, momentum building, Stoch RSI14,14 2.92 on weekly chart.
There was a channel, which was broken and stopped by a strong leg, but the trend is continuing, and after analyzing this chart, I think that it will form another channel. At the Level 1.06374 there is a lot of structure which is likely to not let the price fall below 1.0614, there also is the trend line and previous channels resistance line (good indicator for take profit orders) which is directing price up if criteria is fulfilled.
IF ( EUR/USD = 1.0634 ) & forms a double or triple bottom making more resistance & if US Nonfarm Payrolls and US Unemployment Rate come out negative.
---> THEN i will go long and place my tp (take profit) order and sl (stop lose) order as can be seen in the screenshoot.