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...
Hello Traders, We just got the completion of a bearish gartley pattern, with a really low risk and high reward, since the market has gone beyond the completion point of 127.2% Fib extension level. The trade is active now. I would prefer to get out of this setup before getting into the bearish bat pattern shot, which is also about to be completed. You can decide...
A short trade idea on GBPUSD. Coming into previous resistance zone while forming a potential bearish bat pattern completing at the 0.886 retracement. This offers a nice short opportunity for those pattern traders out there. Targets at 38,2 and 61,8 % retracement. Stops above X. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Hello Traders, Good to be back after a while. Looking at gold here and we are seeing 2 really well defined bullish harmonic patterns formed right near the previous structure support. First, we have the bullish Cypher pattern , which is very close to being complete. Notice that the D leg is below the B point, which keeps the pattern valid. Second, we have the ...
A nice bearish cypher pattern on the 15min chart, with good R/R.
Hello Traders, We recently just got the completion of a bearish Cypher pattern within the consolidation range, which is in the form of a descending triangle. We are getting a better price on the Cypher pattern with reduced risk, which is always good. So the Cypher pattern short trade setup is active now. Also notice that we just got a strong bullish breakout...
Hello my Friends! Errol here..... We have a very nice Bat pattern setting up here and in the comments below I will share a LInk for you of a Youtube video that I did regarding this pattern and some other things. Best Regards, Errol Muller
Hello Traders, Here we got a really deep completion on bearish gartley pattern with ABCD harmonic move (in cyan colour) on FX:AUDNZD , providing us with great risk to reward. The average true range for this pair on 4 hour time frame is about 50 pips but that puts us at 1.0990 level from our entry point, 10 pips under the round number. Thus better to place...
Hello Traders, This is a very simple price action based long trade setup on FX:AUDNZD . After reading the price chart, we see the market is in trending mode and currently we are seeing a retracement back into previous structure support (HL). With market coming closer to the previous higher low (HL), this reduces our risk on this trade quiet significantly. Right...
Hello Traders, Here we have a really good trade setup on USDJPY , which includes a bearish bat pattern and a 3 drive pattern (blue in color), right at potential reversal zone (PRZ) which consists of several Fibonacci retracements and extensions. 115.18 level (X point of bat pattern) is a strong resistance level which has been tested several times (marked by red...
Hello Traders, We have gotten a completion of a bullish cypher pattern on this pair. Stops go under the key round number of 0.9000. I was able to get a little bit (about 12 pips lower) better entry point, which is why the labelling of the entry point is bit below the 78.6% level. See the chart above for more details. Please feel free to AGREE or DISAGREE with...
Hello Traders, Here we have 2 bullish patterns, one is bullish gartley and other on is bullish bat pattern, on FX:AUDUSD . Note that the patterns have NOT completed yet. Just wanted to give you guys early heads up, so that you can create a plan for trading these setups. We also have harmonic ABCD move completing right at gartley's completion point. This pair is...
Bear trend on NZDUSD shows potential trending support and resistance.
Hello Traders, We have got another very good setup on EURGBP , which is same as the EURUSD long trade setup. We completed at least 1 of the 2 patterns completed at PRZ. Notice the bullish RSI divergence as well. This pair correlates quiet well with EURUSD , so better to spread out your risk. Structure based targets are labelled above, stops is very tight...