1 - Bearish Gartley: The one in pink is drawn based on daily chart basis. Price is moving toward the C leg. 2 - Bullish Bat: The one in blue is drawn based on 4 hours chart and the bullish bat pattern is expected to be completed by today.
Long bias - the red rectangle is a recent support zone in 4 hours chart and the red line on 1.4226 is historical support (the lowest point on year 2010 to 2016, even though this level has been "violated" last week). Therefore I expect this level will be tested again and the price will bounce upward from this level to D leg of the Bearish Gartley. Besides that, the bullish bat pattern expected to be completed around 1.4245 (which is the completion of C leg of Bearish Gartley).
Buy limit : 1.423 SL: 1.413 TP: 1.472 RR: 1:5 Buy limit will be cancel anytime and switched to market buy order depending on the market condition.
Disclaimer: I'm only providing my own thought toward the market but not making any trade call.
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Cancelled buy limit and executed market buy order at 1.42672 same TP and SL SL will move to breakeven when the price reached 1.44
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SL moved to breakeven.
Trade closed: stop reached
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Comments
LeeFuGuo
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4 hours chart is forming another pattern. Bearish Crab. The C leg of bearish crab will be completed around 1.432 - 1.429, then I expect the price will move toward 1.45 (D leg) or 1.46 (the extension of D leg at Fibo 3.618). Its still in line with the previous analysis. But probably will adjust TP / close manually depending on market condition.
LeeFuGuo
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1 hour chart is forming bullish bat ~ potential upside
LeeFuGuo
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Bullish Crab**
Kadhijah
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Potential Gartley Bullish at 240. please, take a time to see :)