Feel free to comment if I'm wrong ~ GU buy order on 1.422
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1 - Bearish Gartley: The one in pink is drawn based on daily chart basis. Price is moving toward the C leg.
2 - Bullish Bat: The one in blue is drawn based on 4 hours chart and the bullish bat pattern is expected to be completed by today.
Long bias - the red rectangle is a recent support zone in 4 hours chart and the red line on 1.4226 is historical support (the lowest point on year 2010 to 2016, even though this level has been "violated" last week). Therefore I expect this level will be tested again and the price will bounce upward from this level to D leg of the Bearish Gartley. Besides that, the bullish bat pattern expected to be completed around 1.4245 (which is the completion of C leg of Bearish Gartley).
Buy limit : 1.423
SL: 1.413
TP: 1.472
RR: 1:5
Buy limit will be cancel anytime and switched to market buy order depending on the market condition.
Disclaimer:
I'm only providing my own thought toward the market but not making any trade call.
2 - Bullish Bat: The one in blue is drawn based on 4 hours chart and the bullish bat pattern is expected to be completed by today.
Long bias - the red rectangle is a recent support zone in 4 hours chart and the red line on 1.4226 is historical support (the lowest point on year 2010 to 2016, even though this level has been "violated" last week). Therefore I expect this level will be tested again and the price will bounce upward from this level to D leg of the Bearish Gartley. Besides that, the bullish bat pattern expected to be completed around 1.4245 (which is the completion of C leg of Bearish Gartley).
Buy limit : 1.423
SL: 1.413
TP: 1.472
RR: 1:5
Buy limit will be cancel anytime and switched to market buy order depending on the market condition.
Disclaimer:
I'm only providing my own thought toward the market but not making any trade call.
Note
Cancelled buy limit and executed market buy order at 1.42672same TP and SL
SL will move to breakeven when the price reached 1.44
Note
SL moved to breakeven.Trade fermée: ordre d’arrêt atteint
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