The Gartley is formed in 2H time frame. I expect a bullish move with a 1.7 risk to reward
The overall trend is bullish. the price is moving inside a rising channel. It is possible to have a long move.
As always, I look for AB=CD patterns in parallel channels. The SL is below the resistance and target is fibo 0.5
I drew corrections in ellipses, hence I expect the completion of C leg
Leg A and C had an identical structure where they both created internal AB=CD patterns. The best location for trade was the c point in which Fibo projection reached level 1
price reaches the bottom of a descending channel at a strong resistance
Overall trend is bullish I entered at fib 0.618 in 5 min
USDCAD is ranging inside a channel My trade is counter-trend which may have a small RR
I expect a bullish move that complete Leg C. Inside this leg. I will open good RR long positions
I look for very pullback in USDJPY. Today. I found a simple AB=CD in this pair
I have found a head and shoulders in GBPUSD. I wait for price reaction to certain fibo levels to sell
In 4H, an AB=CD is created so I look for sell positions today. It may react to 0.618 or create a double top
It is the second AB=CD in NZDUSD Overall trend is bullish
A corrective AB=CD is formed Price also reacted to 0.618
I expect a good RRR long movement RRR is at least 3
A corrective pattern may ends reaction to 0.618 RRR is good (1:3)
Reaction to 0.618 overall trend is ascending RRR is reasonable
An AB=CD was found A strong resistance may form a double top