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EUR/USD - Bullish GartleyNovember is turning out to be a GREAT month. Here we have a bullish gartley on the 1D chart. Yes, another harmonic pattern in a trend channel... Given the trendline, we might want to look for price to go a little past the PRZ zone, but then we are definitely looking for a price reversal. The measurements for a valid gartley pattern are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.272 - 1.618 Final X to D: 0.786 Download your FREE copy of the 7 Proven Steps to Becoming a Successful Forex Trader right here: www.sixfigurecapital.com Christopher D. Schultheis, Six Figure Capital
Long
by cdschultheis15
NZD/JPY - Bearish Crab + Channel BreakoutHere we have a possible bearish crab forming on the NZD/JPY 4h chart. This post is a based on @lewisglasgow 's previous post on this pair. Different pattern, similar measurements. This is one may be a long shot, but the price has broken out of the current descending channel that started at the beginning of the year. The measurements for a valid crab pattern are detailed below. B: 0.382 - 0.618 ---> (0.618) C: 0.382 - 0.886 ---> (0.886) D: 2.24 - 3.618 ---> (2.825) Final X to D: 1.618 ---> (1.618) Only time will tell in the weeks to come! Instagram: _c_schultheis
Short
by cdschultheis15
1
XAG/USD Bullish Gartley or Crab PatternI love the weekend. Markets aren't moving. It gives a technical trader quality time to analyze as many pairs as they desire with little to no rush, while examining all possibilities of price movement. Today, we have a bullish gartley and crab on the XAG/USD 1h chart. With both pairs we are watching for the price to drop in the next few days. I would say the gartley pattern is more likely since it is inside the channel. However, if price breaks down below of the channel, look for the crab pattern. The measurements for a valid gartley pattern are detailed below. B: 0.618 ---> (0.618) C: 0.382 - 0.886 ---> (0.638) D: 1.272 - 1.618 ---> (1.418) Final X to D: 0.786 ---> (0.786) The measurements for a valid crab pattern are detailed below. B: 0.382 - 0.618 ---> (0.618 C: 0.382 - 0.886 ---> (0.638) D: 2.24 - 3.618 ---> (3.534) Final X to D: 1.618 ---> (1.618) Please fee free to critique this analysis or give your own analysis in the comments below. Instagram: _c_schultheis
OANDA:XAGUSDLong
by cdschultheis15