I don't trade huge patterns, like this one, but i just wanted to post that for you traders.
This is a 1 year old gartley pattern, that may complete if market drops 200 pips lower.
- Gartley completion at D
- Ratio confluence at D
- D at massive previous structure
- stop at lowest price in history of EURNZD ...
Lot of ratios going on here, there is two pattern, however we can't tell which one is going to complete. The thing we are pretty sure of is that the market is either going to 0.9382 then to around 0.9347 or 0.9337 then 0.9379 and 0.9347. Don't worry about the these prices, just look at the screen shot and look at ...
Nice overall bat completion we enter in the trade at D, roll easily to target one and two. Then we have double top, giving us a .......2618 trade opportunity. As we can see the "double top" on the RSI looks different, if the second top is lower, then it's a good indicator than market is going for a 2618 ...
After getting low but not stopping us out, because we but smart stops :) Market goes higher for target one. Target is at 1.8352. We may have trouble getting through blue dotted line (=support level becoming resistance), it matches right in 0.5 fibs of last leg of the move. We could see a retest of that structure ...
Gartley Pattern is completing on EURCAD, we are going up to D point at 1.5011.
For the Potential Reversal Zone, we have XA 0.786 + BC extension 1.272. However, if AB=CD, CD leg isn't long enough. We just need a nice doji/engulfing + RSI overbought for our entry.
Entry is also at last resistance level. Stop loss ...
Double opportunity on GBPCAD, with a bearish bat and a bullish bat.
Let's go through the blue pattern formation, we got B at XA 0.5 then a potential C at AB 0.786.
If the markets reaches C then go back for XA 0.886 (at 0.8529). However, i don't see any ratio confluence, so i don't think it'll complete.
Now i'll ...
Get ready for entry, you advance pattern traders out there !
There is a structure level that could stop us reaching our D point. However it seems like the market wants to make it, hopefully it will. Also, RSI is at 30% meaning it has still some strength to go down 90 pips.
If D is reached we're for a nice move up ...
Yesterday evening, i looked at the charts and saw two potential pattern. Each of them weren't at C yet. So i decided to put two orders for entry at potential D. Here the D was 114.99, with a nice 2 to one. The other gartley pattern didn't complete so the order has been ignored.
I just wanted to post that because ...
Bat pattern formation : B at XA 0.5 / C at AB 0.5
C point should be at 1.6854 because of previous strong support/resistance, between AB 0.618 and 0.786.
My Case For Entry, 1.6958 PRZ.
-Previous support and resistance level
-Advance pattern formation
-look forward to checking the RSI overbought
Hey traders !
Bat pattern may complete after hitting C point at previous structure support 173.04. It would come to D point at 170.00.
I have a ton of ratios matching in at that position (i have drawn two previous trend lines in dotted black lines) FG retracement has 0.382 on D and HI retracement has 0.618 on D. ...
We got a nice gartley at the end of this trading week. I haven't tarded it but i noticed it on the charts.
Entry should be at 1.4780, stops bellow X and at previous structure 1.4654. Target is at 1.4926 for the 0.618 CD ratio. If the market pulls back for the retest and breaks structure at X point (1.4714) i'll ...
Chart : red dotted line = structure level
red trend line = stop loss
violet trend line = entry
green trend line = target
Bought at 171.313, we went for a double bottom into previous structure support (red dotted line). A 2618 trade opportunity has been noticed in lower time frame (15MIN)
Now, it should be easy to ...