Of course head on ( NFP )
Bears might be stronger near-term !!!!!
Gartley pattern has formed 1hr chart,
Retracements that yield the most reliable reversals are the .618 at the B point and the .786 at the D point (PRZ)
Breaking above 1.11 would cancel the bearish bias and the pair would probably rise to 1.1130..
Let's see interesting situation.!!!!!!!!!!!
Same Post as before but just on daily outlook, I'm personally with #1 but here are my 3 strong resistance area/zone in confluence with the zones you see on the chart in which I may see a reverse back down.
#go #bears
This is an opportunity i've had on my radar since last friday.
As the market slowly retraces back into our structure resistance levels this potential bat formation sets up @0.7911. Right now i'm looking for a rally up into this level to hopefully see a correction into our targets. For now all you can do is sit and wait!
Good luck trading everyone!
Having different good trading skills set allows me another entry even when my risk preference wasn't met on the Gartley trade. On the 60mins, there is a potential for more downside move although the Bulls can attempt one more move to the north.
Still waiting to get Elliot's touch. Trade with care
This pair hasn't been trending for a couple of weeks now and so we're in a nice consolidation zone. Once such a zone shows up, advanced pattern opportunities occur and here is one of them. Let's take a look at this bearish gartley setup:
We're looking for a rally into the 1.6746 level to get short and hopefully get a pullback into our target points. This idea...
This pair has been trading off this channel and hasn't broken it it . with a good view and look at the long term bearish sentiment on the pair , this looks like a great short opportunity . Use proper risk management . Thank you . Much love and Blessings .
"Who is in control of price?"
i will ask myself this question to make sure i take the correct trades and think about the trade in more details...
what i see here according to price action its a nice bullish preceding trend that gets stuck on an area of resistance (which is full of sellers) and shows me this beautiful indecision candle or almost-dodji candlestick...
