Market sentiment and plan:
Bearish gartley pattern formation on daily chart
Pattern completion point matches perfectly with structure resistance
Trend is bearish
On 4h chart the market is trading inside a rising wedge
Bearish breakout of the wedge is a perfect signal to sell the market
Initial target 0.86
Three possible bearish harmonic patterns (Shark, Cypher, and Gartley) on USDJPY.
Small Cypher formed and was entered for TP1.
Waiting for larger Gartley or Shark to from before entering for the sell.
Having this bearish Gartley pattern already triggered and hit our 1st Target, I'm waiting for the market to hit 2nd Target if I'm not asking for too much.
I will be waiting for a buying opportunity or setup of a trending move.
Later this Wednesday, 20Mar2019, 18:08pm-20:00(+8GMT) I will be going through 12 currency pairs on the mid-week analysis
Woohoo! Thought the Bearish Bat Pattern that we spotted during our Facebook live session got invalid, it invalid the previous bullish pennant as well.
Right now, a Deep Gartley pattern as a Counter-Trend Trade.
Already engaged the trade, exact stops and targets will be shared with my subscribers.
We are predicting the formation and completion of the Gartely pattern as seen on the weekly chart. Our current strategy is to trade the 4th leg of the formation which is also at a major resistance zone. OANDA:GBPAUD
Waiting for confirmation to short this pair, GBP has been pretty bullish across most currency pairs over the past few days. I'm waiting for the weakness or pull back of this trade.
Exact Trade Entry; Stops and Targets sent to my subscribers.
Sometimes, you will be able to find two or more Harmonics Patterns pointing about the same D completion point, if you know their parameters and where to look. I have specific rules to qualify these patterns.
Looking for a shorting opportunity at price level 0.7243 and place stop loss beyond point X.
Do like and share this post. Follow me if my trading style...