From my point of view the correction is finished. Looking at daly chart Its a perfect retracement at 0.61 fib retracement and key level 1.5500 Looking at H4 chart we have a gartley pattern (worked perfectly but i didnt see it) and a wegde breakout. The price is now bouncing from the wedge, a nice chance to enter. I want to be very conservative and placed the stoploss above 1.5500 You can also textbook trade the gartley alone and place the stoploss aroun 1.5620 Good luck. Good luck
Commentaires
GcNaif
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hi FT, this is what i m seeing on GU , . i m waiting to short this from 1.55-1.555x aread
FullTimeTrader
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Yes!! The bat pattern is valid also. I have noticed it but is prefered to trade de gartley patern based on D1 analisis first . Anyway, the 1.55000 level is key... lets see what the market does.......
adriel.arrasmith
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Same analysis. We also have a smaller crab pattern hitting here as well with a huge 4 hour divergence. Time for Yellen to make it move.