GBPJPY potentially forming gartley pattern.
trading plan : Sell Limit @ 147,952
attention: this is only a prediction. risk use returns to each individual. if my analysis is wrong, I am not responsible for your losses. and If there are questions please chat with me or comment .
Gartley pattern is setting up on the weekly Silver chart and is likely to complete around the $15 mark (Point D).
Orange boxes at B and C show required termination zones for AB and BC legs.
The target is the dashed green line which is the 0.382 retracement of XA. Stop loss is a break below X.
This trade has a 1:2.6 risk/ reward ratio.
Hi traders, on D1 was formed garley pattern and on entry point(78,6) made a double top, after test 0,618 level is good opportunity to go short, according 2618 trading strategy. Now i have conformation to go short from D1 (Garley) and H4 (2618).
Hello traders, here is a nice long term opportunity on the 4h chart with USD/TRY.
With price making its way down, the completion of a bullish gartley pattern will create an excellent opportunity to enter a position with a 1:2 risk to reward.
The measurements for a valid gartley pattern are detailed below.
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
There is a large head and shoulders developing on the USD index that should in the coming weeks propel the AUD, CAD, NZD, BPD, EUD, upward. The left shoulder and head have been created. Looking for the right shoulder in the next two weeks. Elliotwave was breached in the last two days by having position 4 enter position 1s territory. Gartley pattern still intact....
Here we have a beautiful high probability bearish setup
A nice bearish Gartley setup
Potential Minor price rejection at 1.03000 with a confluence FIB zone
Potential target 1 at the Larger price at 1.02500
Potential target 2 at the Minor price at 1.02000
Trade safely guys !
(For me, trade will be taken if price goes outside the Bollinger bands & RSI overbought)