Currently in a downward channel For channel b/o, buy and target is the top of the wedge. If drop to around 1.1208, it's a good position to enter the trade. So we have a downward channel, in a wedge, outside the wedge could be a nice Gartley setup. If we have channel & wedge b/o, Gartley is highly possible. Short/mid term target is the top of the...
So the long-term TL might be hard to break. I assume that we will close above the TL on a daily basis. In this case, Gartley could be in play. Target to 1.15, or you can sell when we touch the upper TL of the Wedge.
Fail to break upwards for the long-term wedge. The short-term wedge has a downward break. Several key support lines in the graph, it should pull back to around 0.618 level, and could form an IHS. Several-day holding period trade. tgt 0.7729 Good luck
Didn't expect the 0.5 decline. For now it should pull back to at least 0.382 level. If it pulls back around 0.618 (purple arrow) and break this level after certain time of consolidation, the market should continue to be bullish. But if this round of pull back only goes to the 0.382 level and decline again (red arrow), a HS is highly possible and we should be...
Profit taken. Can enter new short position around 2105.2 Target 2098.4 for this short.