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EURUSD Only

Is it over yet?
Quoting Marcieny
Hey guys, a Bearish Buterfly on weekly, I don't know if it will be validated I need to wait.
Yes.. That's actually the bearish Gartley on Daily we are talking about since last week..

Stay Green
Be a seer, not a looker!
Going to try a short here.

Short at 1.13403
SL open
TP 1.1293
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The cycle was floating on Monday, now continue the bull. At least enter the price of 1.142xx. I will build short starting price of 1.142xx
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There is no perfect system
Quoting Ata-Turkoglu
{quote} Yes.. That's actually the bearish Gartley on Daily we are talking about since last week.. Stay Green
Ha! Ok.
Thanks.
Proverbs 18.15
Sell then off...see you next month
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your panic is my advantage
Today could be "the day"

Let's see if the bearish Gartley on daily chart will play out or not today..

My resistance levels based on weekly:

  1. 1.1400 to be exact is nearest resistance!
  2. If that doesn't hold next would be 1.1432,
  3. If that doesn't hold next would be 1.1467,
  4. If that doesn't hold then mamma miiiiaaaaa! ---> Gartley shifts to a Butterfly!

Stay Green

Be a seer, not a looker!
Quoting Ata-Turkoglu
Today could be "the day" Let's see if the bearish Gartley on daily chart will play out or not today.. My resistance levels based on weekly: 1.1400 to be exact is nearest resistance! If that doesn't hold next would be 1.1432, If that doesn't hold next would be 1.1467, If that doesn't hold then mamma miiiiaaaaa! ---> Gartley shifts to a Butterfly! Stay Green
Please can u let us know if it's gonna be bullish or bearish ?? And at what interval did u think it will ??
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Make it Green
Quoting heedreece
{quote} Please can u let us know if it's gonna be bullish or bearish ?? And at what interval did u think it will ??
Bulls have the upper hand for sure...

BUT... based on your own take you have to decide:

  1. Once you see bearish signs you might decide to sell with hope that Gartley will play out..
  2. Or you can watch bull power and if you see strength you can keep your longs because you then would hope for a major breakout..

Both have their own benefits and downsides.. Nothing is granted in forex as you know..

Stay Green

Be a seer, not a looker!
Buy any pull back on EURO/USD
Make it Green
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Make it Green
Daily S/R Levels

So... before we can see the effects of my weekly resistance levels of course bulls first have to beat the daily resistance level: 1.1373.. Without that there can't be a bullish rally.. Keep that in mind!

*That's the reason why I personally don't keep my longs and close manually every time price comes closer to this level..

Stay Green
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Be a seer, not a looker!
as long as this pattern is still valid, I prefer to open short positions
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your panic is my advantage
Quoting dondealova
as long as this pattern is still valid, I prefer to open short positions {image}
As long as H1 candles can't close above 1.1359 I am also inclined to risk selling..

Edit: but they still can.. lol

Stay Green
Be a seer, not a looker!
1/3 Position size short 1.1362
SL ~1.14
TP~1.133

[If 15min candle close below 1.136/1.1355 I will scale in.]

Added another 1/3 Position. Price now: 1.13645

[Another stop sell for 1/3 placed at 1.13539]

Added another 1/3. Based on the price not jumping above 1.1375. Total Price now: 1.13675.

SL tight mental. Will be placed above 1.1375 once I am BE.

10:50 :
SL now 1Pip above last M15 high.
TP 2/3 at 1.13513

11:16
if it can not break 1.136 in few minutes I will close manually

11:26
SL BE

11:29
closed 2/3 at 1.1356, since it did not break the 1.1355 instantly

11:42
remaining SL (1/3) at 1.13626

12:42
SL got triggered
Total net profit: 6.34 Pips
Quoting Ata-Turkoglu
{quote} As long as H1 candles can't close above 1.1359 I am also inclined to risk selling.. Stay Green
ok..noted..tq bro
your panic is my advantage
Quoting dondealova
{quote} ok..noted..tq bro
If you are trading the H1 or H4 charts one important "best practice" for safer selling would be to wait at least for a bearish engulfing candle on M15 or M30..

Stay Green
Be a seer, not a looker!
So... pre-FOMC price arrived at my daily resistance 1.1373... No bearish signs yet.. No more buying and also no selling.. I prefer to wait on sidelines here..

*1.1363 is nearest support based on M15

Stay Green
Be a seer, not a looker!
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