As price is rallying, we have a deep bearish Gartley forming with entries at 143.98. Furthermore, we have fib confluence aligning with 127.2. Targets at 38.2 & 61.8, stops below x.
To summarize my week ahead with regards to advanced patterns we have the following:
1. GBP/JPY - BEARISH GARTLEY - ENTRIES = 143.98
2. GBP/USD - BULLISH BAT - 4HR -...
As price is pushing up, we have a potential advanced pattern presenting itself at 122.239 in the form of a bearish Bat. As usual, I will be setting my targets at the 38.2 & 61.8. Stops will be below X, you might be wondering why I don't exactly mention where my stop placements are set. I strongly advise people to only trade strategies that you have...
So, if you had traded the EUR/JPY Bullish Bat I posted earlier this week you would have banked around 85 pips. Secondary targets reversed and stopped out at break-even, We can't always have it all traders lol. An important factor we banked profits from that trade but always be ready to hand them back over.
Moving forward, we have another advanced...
Firstly, let me begin with Happy New Year. I hope all had a wonderful Christmas & New Year. No doubt that we all have made new years resolutions & goals which we aim to either maintain or achieve. I personally have mapped out my entire year and if you follow me then ill be giving regular updates lol. Enough of that and let's get started
If you trade...
If you analyze this pair on the hourly you would notice that we have recently had a violation of structure, with that said we are unable to confirm a bearish bias till we get that 123 move. However, if price action rallies than there is a trading opportunity to short this market at 0.68367 using an advanced pattern strategy called the Gartley. For...
After analyzing this pair, we have a potential bullish Bat on the 4-hour timeframe. Completing at 1.6963, please do not trade this if it's not part of your trade plan. It's crucial to backtest any strategy you trade and should have solid money management in place. Targets are at 38.2 and 61.8, as for stop losses your on your own. I use the stop loss...
On the EUR/USD 4HR time frame we have a lower low lower close, since then price action rallied into resistance which was once support providing us with a double top, first test RSI was extremely overbought as I have my settings at 80/20, conventional is at 70/30. On the second test, we have bearish divergence.
We can get involved in two ways:
After my analysis on this pair, I have noticed we have a potential bearish Gartley setting up at 1.7000. What makes this more interesting is we previously had a head & shoulders pattern which broke and closed below the neckline, price than retraced back up to the neckline and still failed to retest the low at 1.6713. Due to this reason my secondary...
Even though I stop trading over the festive seasons I still conduct my analysis to perfect my skills. This is for educational purpose only and would not advise to trade it with live capital especially if you have not backtested this strategy, it could be detrimental to your account.
We have a potential bullish Cypher on the EUR/USD 1 HR chart...
We have a potential bearish Bat near completion on the AUD/CAD 60 min timeframe. Completion at 0.9648, Stops above X, Targets at 38.2 & 61.8. Please do not use this as a signal service, if your trading with live capital than you should be following your own trade plan, if you don't have one STOP Trading and for the love of God go develop one.
Hope everyone had a lovely Thanksgiving in the US. I was just glancing through the charts and noticed a trading opportunity on the EUR/USD. For Advanced pattern traders, we have a potential bearing Bat completing at 1.1459, targets at 38.2 and 61.8, stops above X. Hoping everyone has a lovely weekend.
We have a potential Bearish Gartly on the 4HR chart, I will be keeping an eye going forward if B leg gets penetrated I will Set orders.
Completion at 129.70, Targets at the 38.2 & 61.8 fib retracement, stops above X. Wishing everyone a prosperous week in the markets.
I am currently in the AUD/USD trade I posted last night, we have a potential bullish Bat on the GBP/JPY on 4 Hr chart completion at 143.53, conventional targets at 38.2 & 61.8 stops being below X leg. Penetration of B leg has already occurred.
For advanced pattern traders out there, we have a potential bearish bat completing on the 4 HR chart @ 0.7287. Targets at 38.2 & 61.8 and stops above X. If you view the daily chart you will also notice the completion zone is at the daily resistance level.