Akil_Stokes
Long

EURUSD: Potential Bullish Gartley Pattern w/ Great Risk v Reward

FX:EURUSD   Euro Fx/U.S. Dollar
Not a lot on my radar this morning which is perfect seeing how Monday’s are typically days where I let the markets wake up after the weekend. One pair that I’ve been continuing to watch closely has been the EURUSD             which has provided a lot of opportunity over the past month or so.

The chart before you shows a potential bullish Gartley pattern completing extremely close to the “X” leg. As I shared with my Syndicate members in this morning’s trading video, this is a really good thing, because it puts us in a situation where we don’t have to risk as much and can potentially receive a greater reward if the trade goes in our direction.

I usually don’t take patterns too seriously until the “B” leg is broken so there may be a few bullish opportunities beforehand, but that’s something I won’t be interested in until tomorrow.
Good luck in the markets this week traders and as always, if you like this post PLEASE HIT the THUMBS UP button, and if you have any question, comments or would like to share your views on this pair don’t hesitate to type in below.

Akil Stokes
Chief Currency Analysis at Trade Empowered

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MaryJane
a year ago
thx for sharing...i have a bit different view...
Enough Rebound?
snapshot
At the moment i see on the one hand the chance for a double bottom with basis 1,08. The target of this formation is 1,1425. -Above 1,1425 there is enough place to make a new high at 1,18. (orange counting)

On the other hand there is the strong momentum and dynamic of the longterm downtrend - we are trading at its trendchanels upper edge. This can perhaps be interpreated as a new anticyclical selling signal as long as we trade below this level.
-Below the last valid orange "3" at 1,08 a drop to 1,04 can be exspected
-below the last valid red "2" a longterm selloff can be exspected with target @ 0,92
+2 Reply
Akil_Stokes TOP MaryJane
a year ago
Thanks for sharing, I think it's important to see all types of views. After all there are thousands of ways to be successful in this field
+2 Reply
rana5658
a year ago
sorry Akil ,just want to confirm .is this gartely is valid.bcz xa leg retrenchment is more than 61.8%.
+1 Reply
Akil_Stokes TOP rana5658
a year ago
You are correct
+1 Reply
jsomoza rana5658
a year ago
Yes, but it doesn't touch The 78.6 level so it's still valid, I think
+2 Reply
Akil_Stokes TOP jsomoza
a year ago
Correct
Reply
amirzafarifb Akil_Stokes
a year ago
Akil , U just answer "correct" to two totally different views!!!
+1 Reply
riskmode TOP amirzafarifb
a year ago
he;s saying B went beyond 61.8 but didn't reach 78.6, so it's in the valid range.
+1 Reply
Akil_Stokes TOP riskmode
a year ago
Sorry didn't see your response already Riskmode
Reply
Akil_Stokes TOP amirzafarifb
a year ago
They are not 2 different views, one said that B is more than 61.8 and the other said that it cannot hit 78.6. These care the correct rules for a gartley pattern
+1 Reply
Tijmen_K
a year ago
very nice done! lets see where the price gets. could be a very nice trading oppertunnity
Reply
moneymaking
a year ago
Hey Akil, good setup mate. All the BEST :)
+1 Reply
Akil_Stokes TOP moneymaking
a year ago
Thanks!! We'll see if it ends up happening
+1 Reply
learningtrader Akil_Stokes
a year ago
I really like it, when you share ideas with lowest risk involved. It just makes things much more interesting :)
+1 Reply
Akil_Stokes TOP learningtrader
a year ago
I love me some low risk too, helps keep the heart inside the body
+1 Reply
fries
a year ago
thanks for sharing. mind to share also the entry, SL and TP as guidance?
+1 Reply
Akil_Stokes TOP fries
a year ago
It's all market down on the Chart
Reply
virgilong0
a year ago
Hey Akil just want to say thanks for being a winner, although that has little to do with the EurUsd analysis, I personally appreciate the free content, I would assume that's your way of giving back, may success hover over every aspect of your life!
+2 Reply
Akil_Stokes TOP virgilong0
a year ago
thank you, and yes giving back is one of the reasons that I chose the trading education business over the money management business
Reply
riskmode TOP
a year ago
What is the lowest time frame you trade Akil?
+1 Reply
Akil_Stokes TOP riskmode
a year ago
During my day trading I'll look as low as the 5 minute and 5 range bar charts
Reply
Tree1
a year ago
Euro is a mess at the moment hopefully price hits D !
+1 Reply
Akil_Stokes TOP Tree1
a year ago
Yeah, we shall see, until then we just continue to work through the process and make the next prediction
Reply
EverythingForex PRO Tree1
a year ago
A mess? Only if you don't have a clear idea what's happening. Whenever you think any pair is in "a mess" and you're confused as to what is happening, it's usually becoz it's in a consolidation phase. The trick is to identify where in the consolidation it might be and where it might exit that phase and start the impulse phase. Gotta know where you are before you can know where you want to go, Take a look and see if this helps clear the picture....
ANALYSIS: EURUSD: All Roads Lead To A Wave 3
+3 Reply
Akil_Stokes TOP EverythingForex
a year ago
Looks like the London traders were fast asleep this morning. What happened to all of the movement in the markets this morning?
Reply
Tree1 EverythingForex
a year ago
I say 'mess' in the sense we have no clear trend or high probability to where the pair is going. As backed by your analysis.
+1 Reply
Tree1 Tree1
a year ago
Sorry I am not such a technical worded individual. No need to be so negative Mr EverythingForex.
Reply
EverythingForex PRO Tree1
a year ago
Not to be rude to you or Akil. I wasn't trying to disrespect you as you are doing to me. I was only trying to help since you seemed to be somewhat confused. But ok. Whatever. Keep doing what you're doing. Not gonna pick a fight with you on someone else's thread. Good luck.
Reply
Tree1 EverythingForex
a year ago
Thanks Sherlock!
Reply
Hate when I don't agree with you, Akil. I also had this Gartley pegged but now I am discarding it because I don't think it will get filled. Instead, I'm looking towards some bearish patterns now.
UPDATE #1: EURUSD: All Roads Lead to Wave 3. Added Deep Crab
+1 Reply
Akil_Stokes TOP EverythingForex
a year ago
Good to be prepared for any situation
Reply
almanshow
a year ago
Your ideas excite me Akil
+1 Reply
Akil_Stokes TOP almanshow
a year ago
Thanks, my goal is to EMPOWER!!
+1 Reply
Onits Akil_Stokes
a year ago
Good stuff!
+1 Reply
Akil_Stokes TOP Onits
a year ago
Thank you
Reply
My apologies, Akil. I didn't mean to introduce any negative energy into your good work.
+1 Reply
Akil_Stokes TOP EverythingForex
a year ago
It;s fine, I didn't see it as being negative just some good old fashioned back and forth. As long as we don't get to name calling and taking personal attacks it's all good. Just don't talk about my mama! :-)
+3 Reply
EverythingForex PRO Akil_Stokes
a year ago
Haha! If your mom cooks as well as you teach, why not talk about her? ;-P Thanks for not taking offense though. You could've just told us both to shut it 'coz this is your thread. As real as it get...that's you, bro!
+1 Reply
EUR/USD is forming a "W" shape Gartley pattern on 8/4/2015

EURUSD forming a "W" shape Gartley Pattern 8/4/2015
Reply
Tijmen_K
a year ago
just a question: this isnt a gartley is it? because the retracement of X-A has to be 618 and A to C has to be .886 and the X to D point has to be .786 right? then its a gartley? i've got a photo just to make my point clear.
snapshot
+1 Reply
Akil_Stokes TOP Tijmen_K
a year ago
What you have is indeed a gartley as well, we just have slightly different rules
+1 Reply
Tijmen_K Akil_Stokes
a year ago
your saying you dont stick so much to the pattern rules and looking more for structures?
+1 Reply
Akil_Stokes TOP Tijmen_K
a year ago
No, not saying that, just saying that the rules that I'm using for the Gartley pattern are different than the ones that you are using.
+1 Reply
fries
a year ago
Hey Akil, did you enter any trade at all for this pair?
+1 Reply
Akil_Stokes TOP fries
a year ago
I'm long on a day trade that I executed today, but the gartley pattern above has not yet completed. We're about 40pips away from the D point
Reply
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