Even after what happened with some pairs this past week, now the USDCHF may return to higher values to find equilibrium, but we have to consider every possible scenario, so using harmonic patterns can give you that hability to be prepared for anything.
If we care more about ratio alignment, we would want to take the bearish Gartley, it's almost perfect and the completion is in perfect confluence of fib levels. But, if we are thinking about structure and possible return to higher prices, the bullish Gartley offer just that.
Only one of them will complete and the other will be invalidated, unless we find another pattern along the way. So, in conclusion, just wanted to show how harmonic patterns can give you an edge to be several steps ahead of market moves and make predictions about where is it going with good accuracy.
Happy weekend everyone and let's grab a lot of pips next week!
If we care more about ratio alignment, we would want to take the bearish Gartley, it's almost perfect and the completion is in perfect confluence of fib levels. But, if we are thinking about structure and possible return to higher prices, the bullish Gartley offer just that.
Only one of them will complete and the other will be invalidated, unless we find another pattern along the way. So, in conclusion, just wanted to show how harmonic patterns can give you an edge to be several steps ahead of market moves and make predictions about where is it going with good accuracy.
Happy weekend everyone and let's grab a lot of pips next week!