This chart will be very interesting to track.
Signal: 61.8% retracement
Confluence: exaggerated divergence
Confirmation: hammer
Good luck to all trading EUR/USD
Gartley 886 formation appearing on GBP/USD on the 15 minute intra-day charts. Hidden divergence coming in at the completion point of this retracement pattern on a lower 5 minute timeframe:
Good luck to all trading GBP/USD this trading session!
29/02-2020
This time we are looking at a bear Gartley 886 completion with symmetry between London session closing prices on the 15 minute timeframe. This should trigger sell limit orders for swing trading.
Im going to try and place my entry point around 1.104-1.105 with initial stops around 1.106 or X and look for an extension target.
Our last trade on EU, all...
Can you spot the Gartley??
This is a monthly chart of EURUSD
A huge decline is shown on the chart causing lower lows and lower highs forcing a downtrend in the market. We then see a Gartley pattern and we now anticipate a retest of previous highs which would then give us a chance to get on board the present trend.
The PRZ is highlighted as the cluster on the...
In this chart we see a strong decline and a shift in momentum with the trendline breakout.
The chart is painting higher highs and higher lows suggesting this market is in an uptrend.
We then see a Gartley 886 pattern
1.618 should be top range of PRZ in Gartley patterns but in this case we see it is not.
Now another PCZ anticipates strong support around...
This time im updating the chart on EURJPY.
As you can see I spotted 3 potential harmonic patterns in the making on this particular pair.
If you take a look at how price reacted to the completion point in the Gartley 886, you can clearly see the rejection and how sellers immediately took control of the market.
Besides that, last week closing price took out the...
What's going on everyone, I hope you all had a great weekend! Today I'd like to provide a short-term technical outlook on Binance Coin (BNB/USD).
BNB/USD is in the final stages of forming a bullish gartley 886 formation on the 1h chart, providing a trading opportunity with a 1:2.5 risk to reward.
The measurements for a valid gartley 886 are detailed below.
B:...
What's up traders, I'm currently watching the gartley 886 on EUR/GBP 15m chart.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.13 - 1.618
Final X to D: 0.786 (0.886 due to AB=CD completion)
Gartley patterns at an 88.6% retracement of XA are unique, this is utilised when the AB=CD completion extends past the...
What's going on traders, I hope you've all had an excellent weekend. I'm bringing you an opportunity to keep on the watch list, today we have AUD/NZD on the 1h chart with a bearish gartley 886 and bearish cypher.
Gartley patterns at an 88.6% retracement of XA are unique, this is utilised when the AB=CD completion extends past the 78.6% retracement which is the...
Interesting situation on the 15m chart for NZD/USD just before market close. We've got a valid bearish gartley 886 that completed earlier today, price has now retested the same area and opened up a potential short.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.13 - 1.618
Final X to D: 0.786 (0.886 due to AB=CD...
