There is a potential Bearish Gartley in AUDCAD completing at 1.0806. Stop is above X, target 1 at 1.0033, target 2 at 1.0004
Constructive criticism is welcome. Thanks
This Pair is currently in a stong Bullish trend which will most likely continue, however i feel we will see an outside return soon. I can see we have 2 possible advanced Patterns forming on the Daily timeframe. A Bearish Gartley is possible, D completion does line up with some previous structure which could act as resistance, however this was broken last time....
Not the most ideal Gartley formation, but ratio wise and structure wise, we do have some nice confluence up at 1.3310.
There is a potential Bearish Gartley completing at 1.2389. Stop above X, target 1 at the 38.2 and target 2 at 61.8
This is where I expect the price to be heading, However I am not in a active trade yet, look for Bullish positions intraday toward the bullish side of UJ until this level. unless anything unexpected happens with BOJ or the Fed.
sell @ 1.56416 great RR!
buy @ 0.99618 I don't think this XA leg is very clear cut but I will use this pattern to enter into a trend-continuation trade. Also this pattern allows me to put stops below the 0.9983 weekly major support line as well as below the previous highs that repeatedly bounced off 0.9940-60.
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NASDAQ:GOOG Safe Trades;
Chek out a mega-BAT pattern which have been developing for almost 15 years! It completed by December last year but there is still a piece of a downtrend which can be taken. Will short from 8.21 or by market SL: 8.42 TP: 7.44 Long based on an overextended Gartley: Entry point: 7.45 SL: 7.25 TP1: 8.02 TP2: 8.40 TP3: 10.00 (not based on these patterns)
After previous targets have been achieved, looks like it is time for US Dollar to cease some positions to other currencies. Eventual Gartley and ABCD patterns will shows the first targets but, in the end, I expect a move towards 91 ish area to complete a corrective triangle. Closing a week above 96.75 would invalidate the patterns Looks like we still have some...
Earlier in the day I shared a chart looking at 2 potential advanced pattern formations on the Euro Daily Chart. Well, while in the Live Trading Room we also discovered a third opportunity her eon the 4 Hour chart in the form of an Advanced Gartley Formation. This particular Gartley has a deeper than usual "D" completion providing us with a better risk to reward...
I have at least three harmonic patterns converging in the 1.10500 to 1.10300 area watching this really close!!! Bullish gartley, bullish crab, and then an ABCD pattern from a lower time chart taken from the current two swings which is annotated in bright yellow!!! might get a big bounce down at this level. thanks for viewing Bud