I am looking for two different structure zones on this pair. The lower one gives us first chances to look for valid shorting opportunities. To this point we failed to retest the 61,8 % retracement, therefore the shown gartley pattern isn't activ right now. So, if we see the lower retracement I will place my limit orders to short via the lower gartley pattern. If...
Recently saw a new structure low on the daily chart. We are now retracing into previous strc. which should become resistance. The market gives us a bearish bat pattern which acts as my reason for entry. Because we expect further downside on this pair my second target will be the retest of recent lows which gives us a nice risk/reward profile. Trade your...
- OBI (div.) - RSI div. - @ prev. str. - ABCD COUNTER TREND!
- FIB confl. - RSI div. - Gartley - ABCD - Structure - Trend cont.
Looking at USDCAD we see that the RSI is heavily oversold. I am long in the gartley pattern since 1.2837. For those traders how might have missed this pattern, you get a second chance with much better RR ratio. Remember you follow your plan! Best of luck, Felix. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Not too much to say about this one. Nice Gartley pattern setting up for a possible trend continuation trade. Stops and Targets as your plan says. Best of luck. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
AUDUSD is still in a downtrend. Therefore we're looking to take shorting opportunities to hop on the trend. This gartley pattern gives us pattern traders a valid short. Depending on your personal rules you can either trade this pattern with conventional targets (38,2 & 61,8% from A-D) or as a TCT as shown on the chart. Website: www.ogtpartners.com Twitter:...
Its Going down due to the following news from US(Watch Price Actions 6hrs From NOW) 1.Durable Goods Orders, released by the US Census Bureau 2.Initial Jobless Claims released by the US Department of Labor 3. FOMC Member POWELL Speech that therefore trigger a short term movement positive or negative trends 4. Funds are going out base on Money Inflow Indicator(Smart...
Hi guys, Here, I am looking for a reversal. The market was in a nice bearish move but this double top has now occurred. There has already been a break at the top of the double bottom so I am now looking for a pullback at the 61.8 retracement level to give myself that extra bit of confirmation. I will have a buy limit in place at that level. This trade is known...
Broke structure to the downside and now expecting at least the test oft recent lows@ around 123.17. Just a quick idea based on the structure of the market. Make sure it fits your personal trading plan. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Hi Guys, This is a bearish GARTLEY Pattern completing at 3.4500 but I will be front-running my orders to make sure I get filled on this trade. The EURTRY has been in an uptrend for a long time now but it hit a level of resistance in back-to-back months late last year. I am expecting that the same level of resistance will hold making for a good sell trade for...
Hi Guys, This is a weird looking CYPHER Pattern but still a valid one according to my trade plan. I didn't spot it till about an hour ago and saw that the market did not violate the X leg but actually bounced off of it so we know that the support level is pretty strong and therefore we can buy. The Risk to Reward ratio for these trades are much better but hardly...
Hi guys, I actually studied the Gartley pattern from a book named "Trade What You See" by Pesavento. It uses the Gartley pattern in conjunction with the famous AB=CD pattern giving us a nice trading range maybe to "dollar-cost-average" into a trade, reducing overall risk. Back to the trade idea, it is a bearish GARTLEY pattern @ 0.9595 in which i would have a...
Hello Traders, Hope everyone enjoyed their weekend. I just wanted to give you guys a quick buy setup on the FX:AUDJPY pair. So here we have a Bullish Cypher Pattern , which was already completed on April,29,2016 (last Friday), but the market has came very close to the X point of the pattern. Thus one can say this is a deep cypher pattern completion, which...
Hi guys, I thought I would share a pattern I am most fond of, the BAT pattern . I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win...
Hi guys, Here, I am looking for a reversal. The market was in a nice bullish move early last week but started consolidating towards the end of the week plus this double top has now occurred. There is already a break at the bottom of the double top so I am now looking for a pullback at the 61.8 retracement level to give myself that extra bit of confirmation. I...
Hi guys, I thought I would share a pattern I am most fond of, the BAT pattern. I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win...