Hi guys, I actually studied the Gartley pattern from a book named "Trade What You See" by Pesavento. It uses the Gartley pattern in conjunction with the famous AB=CD pattern giving us a nice trading range maybe to "dollar-cost-average" into a trade, reducing overall risk. Back to the trade idea, it is a bearish GARTLEY pattern @ 0.9522 stop loss will be placed...
It´s been a slow week, market´s are still heavily trending, we had a trade on the NZDUSD yesterday a cypher at the resistance. Here today we got a trend continuation trade on this bearish trend with an advanced Cypher formation at the structure resistance. RSI is about to get over bought. Our PRZ level are 0,94670, stops above X structure resistance + the 0,94900...
there are contradictory pattern on audcad. on a daily chart bullish is a gartley, tha more or less concide wiht a bearish gartley on 1h time frame. I will took this one, on 1,27BA extension. that's because on an hour time frame we are overbought, and because two different bat pattern are waiting price go down in the same area.
AUD/CAD trades with a downward bias. Momentum studies on dailies are bearish. The pair is currently holding above strong trendline support at 0.9418, weakness to resume on breaks below. Next strong support aligns at 0.9368 (78.6% Fib retrace of 0.9150 to 1.0169) ahead of 0.9360 (May 13th lows). Longer term bias is bearish, breaks below 0.9368 (78.6% Fib) could...
I think this is one of the last setup´s we have on the radar for the Monday, we have a potential counter trend setup here, price is actually at a very good structure area from back in November 2015 so it´s not as much in the middle of no man´s land as it looks, but we are still only looking for one target. Our PRZ level are 0,93854 Remember it´s only an idea,...
Going LONG on this pair when PA confirms the move.
Price has retraced to a long term key level where a buy setup is about to complete. Entry price: 0.9448 Stoploss: 0.937 Profit targets: 0.96456, 0.99272 When price is in 1:1 profit move your stoploss at breakeven.
The Alternate Bat pattern is a precise harmonic pattern. The pattern incorporates the 1.13 X to A retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be a 0.382 retracement or less of the X to A leg. The Alternate Bat utilizes a minimum 2.0 B to C projection. In addition, the AB=CD pattern within the Alternate...
Buy AUD CAD after it breaks the trendline on the upside.
If you are on the ride down, then good luck, I think it is a long run down. I would say TP1= 0.88243 TP2=0.85152 TP3=0.83521 I do not see it going below 0.83521 By the way, I am not riding this ride down unfortunately, but thought to share with those who are going to the valley.
Hi guys, Here we have a bullish BAT PATTERN on the Aussie-Canadian Dollar coming in at around 0.9270. This is a long-term trade so I'll be making sure I take into account my position size in order to manage my risk effectively. The reason why I love BAT patterns is that they give such good risk-reward which is obviously key to trading successfully. Stops will as...
Hopping to get 30 pips on this trade.
Here on the AUDCAD we´ve been on a downtrend for a while, we´ve come to a structure support area were we have made a double top so far that have hold up the price. Right now we have formed a Bat formation at structure looking to make a potential triple top then push price up to our target, before price will eventually continue the trend. our PRZ levet are...
A big gartley which has been in the making for 7 months is going to be triggered soon.
This is a setup for you day traders out there! I see long opportunities as soon as this pair reaches my entry point @0.9472. The lows where we're trying to find support at haven't been violated this week @0.9466 and today we're trying to find support again at this level. This idea contains 2 fibonacci based target points and a stop loss below X. If the lows hold...