On the EUR.USD Daily chart we have potential long and short opportunity's.
Bullish Gartley Pattern (Grey) - D leg completion 1.0612 Bearish Bat Pattern (Blue) - D leg completion 1.1378 Bearish Gartley Pattern (Purple) - D leg completion 1.1050 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for both the Gartley & Bat Pattern placed at the .382% and .618% retracement of the A to D move.
Sorry about my ignorance, i'm only 19, i started trading few months ago and i'm a little newbie, but I really want to understand about forex... So what those names mean? Like the "D leg" "Bullish Gartley", etc...
I would appreciate an answer :)
UnknownUnicorn180388
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Hi,
An Advanced pattern is a XABCD move, we wont take a trade until the price action hits the D leg.
We must see crucial Fibonacci retracements and extensions for a pattern to be valid
DerekUweri71
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Hi Tom, have you looked at the hourly chart ? We might have a pattern forming.
DerekUweri71
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Tom, please ignore. I've just seen you posted another idea on the 15 mins. Just when I thought I could be of help...
UnknownUnicorn180388
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Atleast you spotted it without seeing the chart, keep up the good work :)
DerekUweri71
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Thanks Tom. I could do with every bit of encouragement right now....lol. Cheers !
jemartinatt
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Hi Tom, I am very new to this. Is there an indicator that produces the Gartley Pattern or is it added manually from analyzing the chart? If it is from an indicator how could I get it? If manual are there instructions available for how to draw it? Thanks, Jim
I would appreciate an answer :)