I will be shorting this based on Clones and to catch the remaining CD leg of potential bullish gartley. The solid black dashed lines and light dashed lines are the decision points which i will be using it as support resistance while in trade.
Decision Points for Down Move: 1.0960 - 1.0924 - 1.0892 - 1.0858
You've been killing it out there mate. Nice work. You on FIRE, LOL :)
GcNaif
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thanks to @nmike for showing me this technique,its helping a lot in decision making
GcNaif
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Update :Target achieved
Eugene_Titov
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In long trade now?
GcNaif
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no not yet eugene,watching the PA ,dont c much bullish momentum for now ,maybe us session
jasoncgh
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Hi, i am starting to learn about harmonic patterns. I would like to clarify my understanding with you if it is alright.
The completion of the CD leg of a gartley is supposed to be 0.786 XA. So I think because you are using clones, that's why you have place the completion at 1.085x.
I went long Dax...anti correlation with EURUSD is very high.
I think it's possible that it continues as forecasted, but it's also possible to see a rally back to the weekly mode, which your pattern anticipates.
This should work really well.
GcNaif
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thanks Ivan ,good luck with ur DAX trade
IvanLabrie
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I'll join you once the Gartley completes for the long I think.
Or just wait for the top to short it higher.