On the Daily Chart(right), the market has fallen straight into the buy zone and beyond the D completion but within X, that will give a better Reward:Risk. However, on the left(4-hourly chart), the market has formed a new sell zone and that can be a warning signal for bullish traders to look out for. Perhaps a consideration of shifting stops to entry might be a...
Merry Xmas to all traders, in the interesting development of the US, this Xmas season for trader might not be that quiet afterall. On The Daily Chart,(right) shows a bull Gartley formation and is approaching the Pt D completion. With the news of Donald Trump might remove Jerome Powell rumour, USD may fall if its true and not a rumour. I will need a H4 chart...
Is a counter trend trade coming up on this bullish Gartley. Nice structure shell, I will be taking the conservative targets, if you love such analysis just pop by, like our Facebook Page and join us live tomorrow, Wednesday, 19 Dec at 7pm(+8GMT). www.facebook.com
Sideway Consolidation resume on the Daily chart but on the 4-hour chart the bottom trend line has been broken. As the whole, Market is still bias towards bullish, I will be only looking at shorting opportunity when I spotted a double top or a harmonic pattern completion closing at the top of the trendline. To Receive the Weekly Market Analysis, Subscribe to our...
ZECBTC Trading Bias: Long Technical Strategy: Bullish Gartley Potential Risk/Reward ratio: 1.67/1 Enter as closely as possible to D point. Targets and stop loss shown on the chart. *This is not an investment advice*
USDJPY resume it's bull trend movement, but if you have watched closely, the market is having a sideway consolidaion and its bottom trend line has been touched. Look at H1 Chart on the left of the chart, and the reversal candle just happen to close above the bottom trendline. Personally, I will be waiting for the next 'touch' on the bottom trendline to look for...
Our analysis on GBPUSD . We have a Gartley formation soon to be completed on this counter trend trade. Based on historical price movements there is a downtrend in price with lower highs and lower lows The structure point of 1.2700 seems a solid price reversal point, but seems to have been broken. We will need to monitor price action in this zone before...
Stop loss and targets mentioned in graph
EURCHF Advanced harmonic pattern. Stops and take profit levels are as shown on chart.
GBPUSD at fibo 0.618 + inside bar broke up For those who missed the previous bullish gartley this will be your 2nd opportunity to long Don't miss it!
Bullish Gartley has been detected on HRS 60 Min. Enter LONG @ 147 with a stop loss going in below 144.5. The target is at: 151. LONG HRS @ 147 SL @ 144.5 (25 Pips) TP @ 151 (40 Pips) RR: 1.6, SWING Setup!
The pair has completed a bullish Gartley pattern with a rebound from 161.8% BC and last seen testing the 78.6% XA at 144.55. Sentiment a bit clouded in UK where PM May is 11 votes away from being challenged and so the bulls might hesitate to act.
At the daily chart, the gartley completes at the buy zone. This chart, I will be waiting for the H4 candle to complete, if there is a bullish engulfing candle, I might head in for a long trade.
EURUSD forming bullish Gartley pattern For aggressive traders can take a short trade now, TP around fibo 0.786 ~ 0.886 area, then change to long position. As for conservative traders can wait and observe fibo 0.786 ~ 0.886 area for entry.
This is a counter-trend trade setup. However, the risk to reward ratio isn't the best, at the 2nd target it does not produce 2 times of the reward to the initial risk. Something for you to consider. If you love to receive this kind of trade-ideas on a more regular basis, just join our inner-circle group. If you love this analysis, share this with your friends...
In reference to the Daily chart, GBPUSD it is still on its bearish trend. Thus, this trade is a counter trend trade. If you aren't in yet, DON'T CHASE the market as the 1st target has been achieved, we have already shifted our stops to entry. If you like to get in touch of the trade ideas and not missing out any more trade, just get into our inner-circle.