sorry about putting the kiss of death on your trade arco
I shouldve seen that a gartley was waiting there
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sorry about putting the kiss of death on your trade arco
I shouldve seen that a gartley was waiting there
I think its time to look at Loonie again for some more
rich pickings. I went short at 1.0129 which gave a max
of 254 pips, but now there appears a reversal afoot which
should give another opportunty to go long for a few,
and then go short for a lot more.
Potential here IMO to ride up to the 1.0129 area again
for circa 150 pips, and then a short down to the
PTZ (lower green box).
Ichi talk.
Tenkan (blue) has crossed Kijun (red) - bearish, and
Kijun should now provide resistance. Chikou is finding
support on the candle plot (circled) and may do so for
a few days. After that it should break through and Loonie
will do some Kumo surfing to eventually poke through the
bottom of the cloud and hopefully give 600 pips +/-
GTA- arco
seeing the same
possible usd rally next week to sell into
10150 area has got some fib action , also would take this retracement to origin of 4th wave , which is a typical reversal place for corrections
the 20 sma may help as well
precisely hit Arco's level last night.
No actually high on Oanda was 1.10128, so you were a pip out Arco. Shame ;)
errata - prev post should have been 1.0128
has now formed a little descending triangle and then broke through it on the downside, could be the signal.
Yeah Pete,
sorry about that 1 pip, - the blue pendulum has been
playing up lately..........obviously needs a polish :)
this is another pair thats due a big move
looking like will break lower , looking to short around current levels
got a start on this one up 150
i reckon now taken out parity theres more to come .97 - .98 then a big run north
Loonie looks interesting for a continuing north move to
the first blue box (creating the potential Blue Gartley).
The target point sits just around the apex of the triangle
circa 1.0086
So, 2 potential ways to trade this pattern IMO.
Long on a confirmed break of the pivot high for around 80+/- pips.
And/or short on a confirmed reversal off the Gartley/apex
for upto 300-450 pips perhaps.
Be cautious that the Blue Gartley does not run on to the
higher dotted blue box to form a BF
GTA - arco