Currently see a retracement into previous structure which now should as support. Stops below X. Because we recently saw a new structure high I am shooting for advanced targets for my second position.
TRADE YOUR PLAN!
Not too much to say. Advanced Gartley Formation on 4h chart. Looking for 38,2% and 61,8% retracements as potential targets. Stops have to go below X.
Retracing in form of a complex pullback back into structure which now should act as resistance. Expecting further downside continuation based on daily timeframe.
Trade your plan!
I am currently holding my long position on EURAUD. I got involved in the blue cypher pattern with stops resting at 1.4476. We violated X but hold the 1.4500's even handle.
The bat pattern and the double bottom with RSI divergence adds further strength to this setup.
Trade your plan!
In this case I give you a very precise example of how I look at the markets.
Expecting retest of the lows before hitting the stops.
Have a great week of trading!
For those looking for valid entry reasons: Bullish Cypher Pattern within trend at previous structure.
Market respected the level past two day (see wicks).
Make sure to trade your plan!
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 ...
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 ...
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.
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.
Just a quick Bat pattern setup on GBPUSD.
Came right back into previous structure with RSI oversold. Now seeing nice divergence and a triple bottom.
Shooting for conventional targets at 38,2 and 61,8 retracement of C-D.
Stops have to go below X.
As always, follow your plan!
Website: http://www.ogtpartners.com ...
Although I am not actively trading OIL this is a very interesting chart. From the lows we rallied right into the 50 Dollar area, almost doubled the price since February. The magenta arrows show the impulse legs. So we are right into the last start of the impulse leg from the recent downtrend. Based on the AB=CD we ...
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 ...
Nice pattern with fib confluence on this pair. Retracing into previous support now should becoming resistance.
This Pattern could be the reason to enter a valid trend continuation short. FOLLOW YOUR PLAN!
Best luck in the markets, Felix.
Twitter: https://goo.gl/9EdYPk ...
Update on NZDUSD: Coming right into previous resistance which is typically a good way to look for a shorting opportunity. In this case the market gives us a bearish bat pattern at the 88,6 %Retracement from X-A. Moreover the Completion point D lines up perfectly with the 61,8 % Retracment from Swing High to Swing ...