A fill to Bullish Gartley then to Bearish butterfly then to Bullish Gartley 1.06xx?
Ready to Short around 88.6% if it breaks and close above 38.2%.
After seeing the breakout on the daily,it invalidates the pattern i posted before. Upon seeing this, this pattern will still be in play. Sell Limit 1.27380. SL 1.28313. TP 1.22
This is a perfect Gartley Pattern which respects the fib levels. Target TP coincides with 50% fib level swing high of 1.14098 and 1.11743 on 1HR TF. This will be a short term Long position. I'm still looking to Short this pair towards 1.1060 and 1.0650.
In the chart above clearly shows that a Gartley pattern is forming. Taking the AB move/leg takes about 12 days and 650pips to completed, it comes to the logic that CD move is almost similar length and time for its completion. Hence, the short retracement will go up to around 1.1370/90 to short/sell to around 127.2% ext of BC move which comes to around 1.0660/80....
After the daily close posted a bearish engulf, this pair is starting to take a short retracement towards previous high at 1.55190. Simple fibonacci: GBPUSD Sell Limit 1.5751 TP1 1.56306 TP2 1.55212
Approaching fibonacci extension at 1.414. Retracement towards previous 61.8% fib at 1.12668. EU Sell Limit 1.15265. SL 1.15540 TP 1.12688. EU Buy Limit 1.12688 SL 1.12278 TP 1.16382
This is daily bullish gartley pattern identified. Target 1180-1212.
Identified bearish cypher pattern on 4hr chart. Taget profit 1288. Check out my next post for the daily Bullish Gartley pattern.
This is a tricky one but having hit 50% fib twice and thinking this will go to 88.6% fib level at 0.9630. Also it is at fib extension for that price. Daily posted as pinbar.
Fibonacci levels of D point in this pattern coincides with my daily bullish gartley pattern. Price to short to is 1247