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USD.CAD - Bullish Bat Setup @ Market On the USD.CAD 4hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup. The price reversal zone on this pair is between 1.3281 & 1.3265 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move. There is also opportunity to look for extended targets at 1.3538 Stop loss would be placed below X leg structure support. Target 1 - 1.3398 Target 2 - 1.3470
Long
by UnknownUnicorn180388
20
GBP.JPY - BEARISH BAT SETUP - 144.959On the GBP.JPY 15min chart we have a potential short opportunity at the D leg completion of bearish Bat setup. The price reversal zone on this pair is between 144.959 & 145.171 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 143.242 Stop loss would be placed above X leg structure resistance. Target 1 - 144.177 Target 2 - 143.726
Short
by UnknownUnicorn180388
16
EUR.CHF - BEARISH CYPHER SETUP - 1.0801On the EUR.CHF 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 1.0801 & 1.0816 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 1.0756 Stop loss would be placed above X leg structure resistance. Target 1 - 1.0781 Target 2 - 1.0769
Short
by UnknownUnicorn180388
6
EUR.USD - BULLISH CYPHER SETUP - 1.0553On the EUR.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup. The price reversal zone on this pair is between 1.0553 & 1.0518 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets back into the 1.0659 resistance level Stop loss would be placed below X leg structure support. Target 1 - 1.0603 Target 2 - 1.0635
Long
by UnknownUnicorn180388
15
EUR.USD - BEARISH CYPHER SETUP - 1.0642On the EUR.USD 15min chart we have a potential short opportunity at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 1.0642 & 1.0666 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 1.0571 Stop loss would be placed above X leg structure resistance. Target 1 - 1.0608 Target 2 - 1.0587
Short
by UnknownUnicorn180388
14
USD.CAD - BEARISH CYPHER SETUP - 1.3498On the USD.CAD 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 1.3498 & 1.3536 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 1.3378 Stop loss would be placed above X leg structure resistance. Target 1 - 1.3444 Target 2 - 1.3411
Short
by UnknownUnicorn180388
11
AUD.USD - BEARISH CYPHER SETUP - .7483On the AUD.USD 15min chart we have a potential short opportunity at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between .7483 & .7497 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around .7440 Stop loss would be placed above X leg structure resistance. Target 1 - .7463 Target 2 - .7451
Short
by UnknownUnicorn180388
28
EUR.GBP - BULLISH BAT & CYPHER SETUPS - .8497 & .8488On the EUR.GBP 1hr chart we 2 potential trade opportunity's at the D leg completion of a Bullish Cypher & Bat setup. Bullish Cypher Setup ( Grey ) - D leg completion .8497 Target 1 - .8523 Target 2 - .8540 Bullish Bat Setup ( Blue ) - D leg completion .8488 Target 1 - .8518 Target 2 - .8536 Bullish Bat Setup: Stop loss would be placed below X leg structure support. Bullish Cypher Setup: Stop loss would be placed below X leg structure support.
Long
by UnknownUnicorn180388
22
EUR.USD - BULLISH BAT SETUP - 1.0585On the EUR.USD 15min chart we have a potential long opportunity's at the D leg completion of bullish Bat setup. The price reversal zone on this pair is between 1.0585 & 1.0578 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move. There is also opportunity to look for extended targets at 1.0642 Stop loss would be placed below X leg structure support. Target 1 - 1.0609 Target 2 - 1.0625
Long
by UnknownUnicorn180388
18
5 EASY STEPS TO TRADE THE GARTLEY PATTERNSTAGE 1: THE BULLISH IMPULSE LEG A bullish impulse leg is a strong move in price action to the upside. The impulse leg can be a mixture of bullish and bearish candles, but must have a bullish overall direction. The start of the impulse leg should be marked as X and the top of the impulse leg should be marked as A. STAGE 2: B LEG RETRACEMENT Now that you have identified your X to A impulse leg you are now looking for the B leg, which is a retracement of the X to A impulse leg. Take your Fibonacci retracement tool and draw from your X leg to your A leg. The crucial Fibonacci levels you are looking for are the 61.80% and 78.60% Price action must at least touch the 61.80% retracement but cannot touch the 78.60% retracement. As you can see by the illustration, the candle does not need to close below the 61.80% retracement but must at least spike through. The bullish Gartley pattern will be invalid if price action touches the 78.60% retracement of the X to A move. STAGE 3: C LEG RETRACEMENT Once you have identified a valid X to A impulse leg and a B leg retracement, you are now looking for a valid C leg retracement. Take your Fibonacci retracement tool and draw from your A leg to your B leg. The crucial Fibonacci retracement level you are looking for is the 61.80% Price action must at least touch the 61.80% but cannot spike above the A leg resistance. The candle does not need to close above the 61.80% but must at least spike through. The bullish Gartley pattern will be invalid if price action spiked above the A leg resistance. STAGE 4: D LEG COMPLETION Now that you have a valid X, A, B and C move you are looking for the final leg in price action at which point you will buy the chosen currency pair. Take your Fibonacci retracement tool and draw from your B leg to your A leg. You are looking for a 1.272% which will now give you a valid D leg completion of the bullish Gartley pattern. STAGE 5: PLACING YOUR TARGETS When looking to take targets on the bullish Gartley Pattern the first step is to use your Fibonacci retracement tool. With your Fibonacci retracement tool draw from the A to D leg, you are looking for target 1 at the 38.20% and target 2 at the 61.80%. To protect the profits you have accumulated at target 1 it is advised you move your stop loss to breakeven once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2. KEY NOTES & RULES: When trading the bullish Gartley pattern, the pattern is meant to be traded at 1.272% D leg completion only. If you believe the pattern is unfolding but price is only at point B, be patient and wait until price reaches the D leg completion. The power of the pattern comes from converging Fibonacci levels of all points from X to D. Point B must at least touch the 61.80% retracement but cannot touch the 78.60% from the X to A move. Point C must touch the 61.80% but cannot spike above the A leg resistance. Point D is complete when price action touches the 1.272% retracement of the B to A move. Stop loss must be placed below the X leg structure support. Stop loss must also be a minimum of a 1:1 risk reward to the 38.20% target 1. Target 1 at the 38.20% retracement of the A to D move. Target 2 at the 61.80% retracement of the A to D move. CURRENCY PAIR: This pattern like any other is more profitable with certain currency pairs, you should do your own back testing on this prior to trading the pattern. CANDLE COLOUR: Blue = Bullish Candle White = Bearish Candle DISCLAIMER: Please note I am only providing my own trading information and techniques for your benefit and insight, you should do your own due diligence and not take this information as a trade signal.
Education
by UnknownUnicorn180388
101
AUD.USD - Bullish Bat Setup - .7326On the AUD.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup. The price reversal zone on this pair is between .7326 & .7311 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move. There is also opportunity to look for extended targets at .7426 Stop loss would be placed below X leg structure support. Target 1 - .7371 Target 2 - .7398
Long
by UnknownUnicorn180388
13
GBP.USD - BEARISH CYPHER SETUP - 1.2480On the GBP.USD 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 1.2480 & 1.2511 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 1.2373 Stop loss would be placed above X leg structure resistance. Target 1 - 1.2432 Target 2 - 1.2404
Short
by UnknownUnicorn180388
25
USD.CAD - BULLISH CYPHER SETUP - 1.3399On the USD.CAD 15min chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup. The price reversal zone on this pair is between 1.3399 & 1.3380 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets back into the 1.3456 resistance level Stop loss would be placed below X leg structure support. Target 1 - 1.3425 Target 2 - 1.3441
Long
by UnknownUnicorn180388
4
EUR.USD - BEARISH CYPHER SETUP - 1.0642On the EUR.USD 15min chart we have a potential short opportunity at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 1.0642 & 1.0657 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 1.0593 Stop loss would be placed above X leg structure resistance. Target 1 - 1.0619 Target 2 - 1.0606
Short
by UnknownUnicorn180388
23
EUR.CHF - BEARISH CYPHER SETUP - 1.0742On the EUR.CHF 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 1.0742 & 1.0758 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 1.0695 Stop loss would be placed above X leg structure resistance. Target 1 - 1.0720 Target 2 - 1.0707
Short
by UnknownUnicorn180388
28