HamedAghajani
Long

Bullish Gartley pattern is completing. Stay aware!

COMEX:GC1!   GOLD FUTURES
The price is approaching the defined buy level by the Gartley pattern . A long range bar has formed, this makes me to take the position with more caution. Look for Bullish patterns in the lower time frames, H4 and H1, as a confirmation. Hope this scenario will play successfully.

Three Target profit levels have been defined, toward completion of
i) 38.2% retracement , ($1294)
ii) 61.8% retracement , ($1328) and
iii             ) completion of the CD leg of the Cypher pattern ($1365)
With stop losses below 1239 support.

Update: 3/9/2014 10:30 BST
A Low test Bar has been formed on H1 Time frame and has tested the 1262.50 level. This will indicate the Potential Reversal Zone. A but limit order above the H1 candle with Stop Loss few pips below the wick of candle could be an idea to enter this trade.
A Low test Bar has been formed on H1 Time frame and has tested the 1262.50 level. This will indicate the Potential Reversal Zone. A but limit order above the H1 candle with Stop Loss few pips below the wick of candle could be an idea to enter this trade.
-1 Reply
akhil1206 HamedAghajani
are we wrong on the Gartley Pattern..
Reply
The Gartely is valid until it closes below 1240.
Reply
akhil1206 HamedAghajani
we wr wrong bro......
Reply
Yes. This one was a loser for me.
+1 Reply
akhil1206 HamedAghajani
u shd chk this one...
XAUUSD: Bull Gartley Getting Closer
the bigger picture....
Reply
Thanks Akhil, Cool one. I am watching gold for a good opportunity to short. maybe once it pulled back
Reply
akhil1206 HamedAghajani
same here...if this bigger pictures works we could get a good bounce followed by a sharp decline....
+1 Reply
gold has a bat pattern setting up
Reply
HamedAghajani PRO amitsanthalia3
Thanks, Isn't an exact 0.618 retraced B point, a Gartely pattern?
Reply
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