Sandeep_Gupta

Sandeep_Gupta

Let us test if it works. Please comment if like.

Sandeep_Gupta

I will prefer to trade Bat due to lesser risk.

Sandeep_Gupta

Good reward to risk trade, almost 3.

Sandeep_Gupta

Although the AB retracement of XA is almost 61.8%, indicating it to be a Gartley but the good fib confluence is at 88.8% of XA rather than 78.6% so it is more beneficial to sell it near 88.6% of XA. It will reduce some risk. sell near 5.51181

Sandeep_Gupta

sell limit @ 230.98

Sandeep_Gupta

Buy near 1.2395

Sandeep_Gupta

Although the good fib confluence is seen at 0.786XA, where 0.786XA, 2.00BC and 1.618AB = CD all are converging, but as the AB retracement is between 0.386X to 0.50XA, making it a more Bat, it is advisable to sell it near 0.886XA.

Sandeep_Gupta

A cypher is formed in a channel, making this the double confirmation for sell.

Sandeep_Gupta

Price is testing the support level forth time. A good place to buy.

Sandeep_Gupta

All the three fibs are converging in tight range.

Sandeep_Gupta

Low risk trade opportunity, 0.886XA, 1.618 BC and AB = CD all are converging in the tight area and structural confirmation is also here. Although Gartley ends at 0.786XA but to lower the risk and all the resistance was near 0.886XA, so I shorted at 0.886XA.

Sandeep_Gupta

Sell near 1.8440

Sandeep_Gupta

Cypher on USDNOK with structural confirmation.

Sandeep_Gupta

You can trade it as Cypher or Double Top, double confirmation.

Sandeep_Gupta

Good fib confluence 0.886XA, 2.00BC and 1.272AB =CD, all are converging in the same area.

Sandeep_Gupta

Sorry first one is gartley and second one is shark. You should buy at 0.886 of XA.

Sandeep_Gupta

Sell near 1.5286

Sandeep_Gupta

Completion of Cypher is going to test the support line 4th time. Let us see what happnes?