Coming off a massive week in the Syndicate it’s somewhat refreshing to have only taken a single trade this week. Well two if you count the AUDUSD Bull bat that just filled a few hours ago (60min). Either way a slow week often means that there are a lot of potential patterns going through there setup legs and the EURUSD is a prime example.
Three potential...
GBPJPY has completed a series of bearish patterns. Two bearish Wolfe Waves are entering a their sell zones. A bearish Gartley pattern makes for a good place to enter. The Gartley PRZ is confluent with trendline resistance. SL is placed above X/5/5 with target at the unhit weekly pivot.
Confluence in the PRZ:
1. Large bearish WW pattern potentially...
Hello Trader.
We have a nice gartley on FX:GBPAUD completion @2.1280 with the confluence of fibs 88.6 of XA. Our stops go above the red zone-X leg and daily R2-and our targets will be fibs 38.2 and 61.8 levels. It is a very nice setup to get involved; if we look left you see the bat pattern following the current little gartley.
Avto_T
Green...
Just one traders opinion on what's to come. Remember, traders don't get paid on opinions. Have a bias, but never be afraid to change it if the market shows you you're wrong.
Re-entered before London session! Pair has reached it's daily range so I'm exiting another long postion and waiting to short the D leg completion of the Bear Gartley...hope this helped!!!
KEEP THE RADARS UP!!!
On the AUD/USD Daily chart we have a potential short opportunity at the D leg completion of the Gartley Pattern.
The price reversal zone that is of interest is between 0.7377 & 0.7438
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
This particular PRZ zone has some nice confluence from a strong...
We have a bearish advanced Gartley pattern which happens to complete at the 50% retracement level from the previous highs (9/9) and also it completes where the current down channel crosses too.
Here is a very nice shorting opportunity. Bullish gartley with several confirmations:
1. weekly pp
2. 200MA
3. structure resist
We have a very nice R/R for both targets. Both targets have structure backup if we look left.
Avto_T
Green Luck
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NZDUSD completed a bearish Wolfe Wave pattern last week and is nearing the PRZ of a bearish Gartley to possibly continue its movement south. This pair has been in a 14 month long downtrend and the steep pitch of the 1-4 Wolfe Wave target line signifies a deeper continued drop is possible. Those who missed the WW sell entry will have an opportunity to enter when...
Harmonic pattern is ready to go short on FX:EURJPY
We have a bearish gartley with the confluence of fibs 61.8.
Our target 1 is around the next support and fibs 31.8 and the target 2 deeper support with fibs 61.8.
Besides look left and check the structure levels for more confluence.
GL (Green...
AUDJPY has completed a precise bearish Gartley pattern after a .618 retracement of the xa leg followed by another .618 retracement of ab. Although the pattern is technically complete, Gartley patterns will often test all of the levels in their potential reversal zones which typically consist of the area between .786xa and ab=cd. A conservative entry is at the...
$SPX managed to close the trading week above the 1950 support zone, having its best week since July.
I get a lot of questions asking whether the latest S&P bullish move is a correction wave (to its August declines) or whether August's bearish move was the correction that the market was waiting for and we are heading to another bullish wave that will conquer a...
The chart shows a Gartley pattern completion for a short opportunity. We also see a major structure resistance at X-Leg where we our stops at which makes us a 1-1 Risk/Reward ratio on our first target.
As we see USDJPY is trading sideways at this moment, we can set our 2nd target all the way back to C-leg (or even back to previous structure support at 123.2x.
GBPUSD is showing some weakness to move further up. But I still see a possible retest to the trendline support possibly completing a Gartley pattern. For me the price to watch is 1.57000 which has been tested several times and rejected in the recent past.
So short term, I believe there is yet another upward move left. What do you guys think?
POTENTIAL COMPLETION OF XABCD PATTERN ON AUD/JPY, WITH THE COMPLETION LEG FINISHING ON THE 0.382 RETRACE OF LONG TERM SWING HIGH/SWING LOW.
A BEARISH REVERSAL CANDLE ON 30M TIME FRAME MAY ADD TO FURTHER CONFIRMATION OF SHORT TERM SELLING, WITH THE 91.30 HANDLE ACTING AS STRONG STRUCTURE RESISTANCE.
DAILY SUPPORT ACTS AS A NICE POTENTIAL PROFIT TAKING AREA, SHORT...
