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Analysis on #USOIL
oil was definitely on the move the past couple of weeks, the market will soon reach its key support level where the market rallied 25% before.
if the market will come to the...
A bearish Gartley Harmonic Pattern has formed.
We see a almost perfectly symmetrical AB=CD pattern forming inside a channel.
High Risk: Enter trade one all levels of the Potential Reversal Zone have been reached.
More conservative: Wait for a reversal candle on the daily/4H chart.
Take profit 1 at 1.3129 (38.2% AD)
Take profit 2 at 1.2949...
On EURCAD we have a bullish 5 0 pattern that just formed a bullish gartley at the pattern completion zone. We also have bullish divergence on the Macd and RSI 4hr and hidden bullish divergence on the daily chart.
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here is the analysis for USDJPY.
price could drop from here to 104 which is the completion of Gartley, then we can open long if the rules are met,
price could break higher, then we can wait for retest of the resistance turning to support zone to open long
If you like our idea and want to see more...
That is my view of the continued movement of this currency pair. Descending triangle pattern formed since 3 years ago, which was preceded by an upward trend. All I know is that this is a sign of a reversal because the trend that started it was the uptrend.
At the moment the price seems to be going to the trend channel (trendline of descending triangle), so...
This is just an updated version of s3.amazonaws.com
Of course, all this is just probabilities and if someone fat fingers a trade or whale bot pukes, it's all out the window.
There is a high probability for some resistance at 8919.5 and if this is blown, next can be at 9388.
Good chance is, this can cause a...
Trading Bias: Short
Technical Strategy: Harmonic Gartley
*We have passed the D point. Waiting on a lower timeframe for price to stall and trigger an entry. With NFP tomorrow this trade may not trigger*
--> watch my trade triggers video for more help