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USDJPY / 1HR / POTENTIAL GARTLEY PATTERNGood morning traders, Philip here. Hope everyone has had a great holiday and new year. Let's get back into action to start off 2016. I have a potential Gartley Pattern here on the USD/JPY 1 Hour time frame. Orders have been set and we continue our Daily analysis over the pairs. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart FACEBOOK: facebook.com YOUTUBE: www.youtube.com
Long
by UnknownUnicorn168204
GBPAUD 1H BEAR GARTLEY at X@2.05067 with Stops and Targets1. If price reaches the completion of this GARTLEY pattern I will sell. There are three structure highs close to the completion point of the pattern. 2. Stops will be placed above the highest point which is also the A point of the potential BULL BAT pattern. When several highs are close together the highest point often gets tested. 3. Target 1 is slightly above the A point of the GARTLEY pattern. 4. Target 2 is slightly above the 1.618 XA extension. This area had acted as resistance and support in the past. 5. Both stops are moved to breakeven at the 0.618 CD retracement . Target 2 stops are trailed using the DNC indicator once moved to breakeven.
Short
by orvilleawright
EURUSD 1H BULL BAT at Structure Low 1.114xx with Stop and Target1. If price reaches the completion of this BAT pattern I will wait for a reaction (Engulfing bullish candle, Tweezer bottom, etc) within the PRZ. This entry zone has acted as support in the past. It is also at a 1.272 fib inversion. 2. Stop is placed at the 1.13 fib extension of the XA leg. 3. Target 1 is below the 38.2 retracement of the larger down move and slightly below the A point of the BAT pattern. 4. Target 2 is slightly above the 50% retracement of the larger move down. This area had acted as resistance in the past. 5. Both stops are moved to breakeven when target 1 is hit. Target 2 stops are trailed using the DNC indicator once moved to breakeven.
Long
by orvilleawright
AUDUSD / 4HR / STRUCTURE SHORT + (VIDEO)VIDEO: www.youtube.com Hello and good morning traders, hope everyone is having a great morning and getting ready for a big day trading. Looking at the AUD/USD pair on the 4 hour time frame, we're trading a bearish trend continuation trade to the downside and with strong USD figures coming through, we're looking to line up with a good entry point around this area. Targets and stops are set in place, but we can look for more potential downside after the 127% extension as we go ahead to manage this structure trade. Star Prosper Philip Stewart
Short
by UnknownUnicorn168204
EURGBP / 4HR / DOUBLE TOP 15MIN + SHORTHello traders, I'm looking at the EUR/GBP chart on the 4 hour time frame, but on the 15 minute, we've had a nice simple double top / 2618 setup. At the same time we have a trend continuation move and a 618% retracement from our swing high to swing low right where the double top has formed. We have taken the opportunity to short the market with stops and targets in place and you'll notice I've added an orange box, where our extended targets will be. Good luck trading today, may the pips be with you. Star Prosper Philip Stewart
Short
by UnknownUnicorn168204