Good afternoon everyone.
Another pattern that I just found on NZDUSD, a finished Gartely
with profit target at
Target 1: The level of point B.
Target 2: The level of point C.
Target 3: The level of point A.
Target 4: E (161.8% of AD)
Happy trading and green pips everyone.
Next week take a look at the currency index forming a possible gartley on D1, the rules are strict, wait for the price to reach blue zone and wait for confirmation candle stick, before selling to our targets.
still learning. *This is my view, and is not meant as advice for others to trade!
let's see if price goes down to end somewhere in the C leg zone and also maybe bounce off the support line. Going long at this point, is a mildy aggressive trade, but might be rewardable on it's way up to the D leg reversal zone. Once, if, at the D leg, short to 1st target; fib...
GBPUSD on Daily chart formed a perfect Gartley Pattern
Also we can see the formation of a 2 candle rejection of the double top lower close type. This signal identifies a strong pressure on sale of the sellers!!!
Pending Order is active
Bearish Gartley in the making. Money Flow divergence is necessary for a valid entry.
1) Never risk more than 2% of your account.
2) Try to be emotionless by applying your strategy to the pip.
3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work.
AJ daily chart We have a potential short opportunity facing strong multiple resistance zone.
Near the same area of the Gartley Pattern PA is only a guideline of where we will be paying attention for trade setups and opportunity’s.