Deep Gartley setup or I love to say trading at X, is a no-no for many Harmonic Patterns Traders but I have discovered that not just it yield great returns, the profitability rate is acceptable. Pending order has been set, is your call if you are going to engage.
Rested on the daily chart major resistance, the bearish shark pattern has formed and shared the same level as the deep gartley setup within the same timeframe. Will be trading as a shark pattern as this is spotted before the gartley. Pending order set for this countertrend setup.
If you have been following on my trade analysis, you should know that I'm waiting for a buying opportunity on USDJPY for a trend reversal trade. There are 2 strategy that I am waiting for to engage the trade. 1) Bullish Shark on the 4-hourly chart 2) Deep Bullish Gartley on the 1-hourly chart As the level is close to each other, I chose the Bullish Shark setup...
A deep gartley setup within the buy zone. Waiting for a type2 setup for a buying opportunity. I may extend the target when that happens.
Is my favourite kind of Gartley pattern. Sell at X is what I usually says for this kind of setup. It gives me the best reward:risk it does help to boost the portfolio but the downside is that is near X so X can be violated and change of trade it just a snap. You have to decide if this is for you, but it's definitely for me. Trade Engaged.
Looking for Bat buying for based on the bullish inverted head and shoulders or a deep gartley pattern setup. Let's see how's the trade roll up and wait for the setup for the trade.
A bearish bat with ABCD pattern on the daily chart got me engaged in a longer-term trade. A break and close above the previous high was the 1 sign I need to know that this plan is sound and there's nothing to worry about, besides, I have already shift stops to lock some profits for all my USDJPY trade. Being a conservative-aggressive trader, on 1 end, I wanted to...
Within the double sell zone, forms a bearish deep Gartley and its only valid if Pt C touches 1.1006. Harmonic Patterns there are minimum 8 rules to it and an extension to 15rules if you are very conservative traders that will increase your winning rate but affect your profits as some of the trades you may miss. Or you can simply wait to engage a short within the...
A bullish Gartley setup, in fact, it is a bullish deep Gartley setup. Trade at X is my favorite setup as it provides the best Reward: Risk. In trading, every decision is a trade-off, in this case, yes it does give a great Reward:Risk but is at the brink of breaking the Gartley. What's your trade plan on this? Comment down below.
For those who are looking for trend trading opportunity, then this bearish bat is a good fit for the setup. Counter-Trend Traders, fret not, a deep bullish Gartley setup fits in perfectly to your daily chart double bottom with RSI Divergence? What's your trade plan for this baby? Comment down below.
A Deep Gartley setup within a trend trading opportunity. what is your trading strategy for this? Will you extend target further or take the conservative target, commend down below.
EURUSD on all 3-timeframe is showing a bullish trend. On the daily chart(right) does pose a selling opportunity. I'm waiting for a double bottom for further confirmation for a buying opportunity on the 4-hourly chart(left).
Finally, this deep gartley at X is formed. Hundreds of pips of potential profit for this baby with RSI Divergence. Will you be trading this?
Deep Gartley Setup at X, waiting for the candle close to see if it valid to engage the trade. Having the candle close about the pink box the trade will be invalid.
Market once again went into consolidation. Let see if it will be a qualified bearish gartley pattern. I often love to plot the chart and draft an idea of what I'm waiting for. Trading can be as simple as this. I'm waiting at near the resistance(red line) to short, or near the support(blue line) to long. Let see how this trade rolls out in the coming week.
A Bearish Flag forms on 4-hourly chart, trade engaged as on the 1-hourly chart(right) it was a bearish gartley that has reached the 1st target level. Compare with his counterpart, CADJPY, this is a better pair to short as there's a previous support level. on the higher timeframe
A trend trading opportunity is still valid for me, having this bearish Gartley formation on EURUSD, gives a fantastic opportunity to hop in for a shorting opportunity. Why so? Point D completed within the previous consolidation which also add in a strong resistance.
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.