147.42 is the level of the Bearish Deep Gartley Pattern completion point. It is excellent for counter-trend traders to wait for a shorting opportunity at that level. Trend Traders and Trend Continuation Traders could wait for a buying opportunity once the market touches the trendline and doesn't close below the trendline or the support level.
EURNOK is showing a notable amount of Bearish Divergences across many timesframe at the PCZ of this Potential Bearish Deep Gartley.
Well, this is not your typical high risk trade, but this is the cliche setup that I'll shout, "High Risk, High Return!" Let me explain why this trading setup is High Risk. The candlestick did went beyond the PRZ, in layman term the price confirmation zone mark as red rectangle. It touches Point X but didn't violate it(close above X). The chances of this trade...
Two things can happen, we can engage that trade at the market(now) or wait for the Bearish Deep Gartley Pattern to complete. Why Wait? I'm not comfortable seeing RSI going higher while the chart wasn't; I take that as a warning sign(check out the yellow eclipse at the bottom of the chart). I trade with 1 of the mindset. I would rather miss a trade than engage...
If this Deep Gartley Pattern went valid, that means our previous trade has been stopped out at entry, which is okay. Capturing such a trading setup requires patience, it is no different from baiting!
A Bearish Deep Gartley is a great setup for trend traders to hop in on a shorting opportunity at 1.01285. What is important is waiting for the right pattern and candlestick confirmation before engaging in the trade. There's a resistance level on the 4-hourly chart that provides a potential shorting opportunity and a Potential Deep Crab Pattern on the 1hourly...
I am still bearish on EURUSD, I'm waiting for a Bearish Deep Gartley Pattern completion at 0.9958. I'm aware that a lot traders are waiting for bullish opportunity on both EURUSD and GBPUSD but I don't see any recovery soon.
A Bearish Deep Gartley trading opportunity may present itself at 1.01285, a completion of this Deep Gartley Pattern is going to invalid the Bearish Channel and that's fine. This is 1 of the possibility we should look out for.
A Bearish Deep Gartley Pattern check back. What!?! It's rare, but it does happen. I"m waiting for the candlestick to close and confirm a long shadow for my aggressive trade. This trade could potentially give me a lower risk and higher returns, if you know what you are looking for.
CADJPY is on a Bullish Trend on all 3 major timeframes. A Bearish Deep Gartley Pattern may allow counter-trend traders to short the pair at 106.27. Before engaging in the trade, it is important to wait for the 3-bar pattern confirmation.
A Bearish Deep Gartley Pattern is completing at 165.74. It is a level that will attract lots of counter-trend traders to look at.
In this week's Weekly Market Analysis, we are looking at EURUSD intra-day timeframe. There is a Deep Bearish Gartley Pattern that is complete at X at 1.0246. Candlestick Pattern confirmation is a requirement before engage the trade.
A Bearish Deep Gartley Pattern that is complete at X is my favourite trading setup. Not only does it gives the best profit factor among its peers, but the results that I'm getting are also pretty good. However, you have to be aware that by taking this trade, you are counter-trend trading in a trending market. Candlestick pattern confirmation at the PRZ, 128.94 is a must.
Within the sideway consolidation, it does have a potential of a Bullish Flag Pattern formation, a retest at 136.93 will be a good enough price for me to get involved. The first target will go to the immediate high and the final target I'll stretch it to 139.71. That's the level of an AB=CD Pattern completion and coincides with the Bearish Deep Gartley Pattern.
We have witnessed a burst of upwards movement of EURUSD on the lower timeframe, well, we needed that. Another burst might bring the Bearish Trend to its knees. I'm waiting for a shorting opportunity at around 1.12207 with the help of the Bearish Deep Gartley setup, however, the validity of the setup will end tomorrow(1Apr) at 9am(GMT+8). Let's hope the Tuesday...
Don't feel bad if you have missed the Bearish Shark Pattern movement, especially if you have deliberately avoided it. I believe you would have regretted if you had long instead of shorting the Shark Pattern because you saw the news that the Bank of England had planned to increase the bank interest rate. It is important that you know to stay out of news trading,...
Traders need to plan their trade; even there wasn't any trading setup, this happened to us last week(check last week's related ideas within TradingView). This week, we have upgraded from a Zero trading setup to a VIP trading setup. We have a Bullish Shark Pattern complete within the Buy Zone on the 1hourly chart. What makes this trade special is that we could...
Remember the Bearish Shark on the 4-hourly chart I'd shared last week? It has made its 4 runs towards its profits of 117pips each run, that's 1,170USD per standard lot on each run, and it is reaching its fifth run. If you had missed those waves, don't miss them again! You might have a chance to engage the trade on the Bearish Gartley Pattern, if you manage to...