could complete in 1.5560 -1.5700 but it should cross above 1.5302 & later 1.5372 for upside targets mentioned on chart
Strategy 2 - Wait for dip in 1.4900 -1.5000 if holds then buy for same target as mentioned in strategy 1
Else we will wait for dip in 1.4900 -1.5000 if holds then we plan to buy for same target upside
Strategy 3 - Sell with if 1.5560 -1.5700 zone holds upside & we see some weakness to get market clues
Failing to hold in the zone or no weakness in 1.5560 - 1.5700 - Zone is Pattern Invalidation - Can Fly Like Superman -Up -Up & Away.
AUDUSD - 1500 Pips + Let us catch some sharks
EURUSD - Awesome journey from 1.1366 to 1.0305 - Triangle Magic
Falling from 1.5294
Falling Exactly well below 1.5302 which was initial clue for upside trade. Looking for a dip as suggested in strategy 2 mentioned above in update.
Couple of Trading opps
Above 1.5372 to the range 1.5560-1.5700 - touched email@example.com -Took U turn & touched 1.5375 slightly above 1.5372
Doing sideways -looks like triangle
Next any move above 1.5495 or if 1.5420-1.5425 holds on the trendline - can expect a bounce
Looking Higher against 1.5490 as suggested earlier - got sharp move upside to recent highs @1.5600
Holding 1.5490 as support we will look for upside move.
As expected -got a bounce to 1.5626 from 1.5545 holding 1.5490 as support - looking for sideways to negative move holding below 1.5626 for the range 1.5580-1.5590 next
As expected we were looking for 1.5580-1.5590 zone as pullback - it came to 1.5595 -formed short term double bottom & pushed upside
Next 1.5595 is very important key level so any move below 1.5595 would be the clue for downside move
We are already moving in the critical zone of 1.5560-1.5700 - Next Bull move should be expected above 1.5700 if sustains /holds
else close 1.5700 - we shall look for a down move
Looking for a push close to 1.5670 - 1.5685 well below 1.5700 shall be our profit booking zone next we are in position from 1.5600 as suggested support was 1.5580-1.5590 -Made short term bottom at 1.5595 which is key level for next important downside move
Standing at important juncture but not confirmed yet -be careful in booking profits as suggested - we complete the bearish Gartley leg D as per larger view
Till the time 1.5595 is taken out convincingly & sustains below that level we will not sell
Staying above 1.5595 - we look for one turn upside to 1.5670 - 1.5685 holding below 1.5700 where we complete the bearish gartley as per main update
EURCAD poked below 1.5595 -key level which was our 1st clue for downside move - Holding 1.5650 on upside (If that is the top) then we look to sell below 1.5570 later or look to join the selling camp on bounce in 1.5615-1.5620 zone or 1.5635- 1.5640 zone as resistance on upside for lower targets - we start the bearish gartley journey
Best of Luck !!!
Hope for the best in this long term downside journey through bearish gartley if 1.5650 remains the top
Makes recent firstname.lastname@example.org - Likely better to join the sell on the bounce between 1.5615 -1.5620 zone or 1.5635 - 1.5640 zone holding 1.5650 as top
Came close to 1.5615-1.5620 zone - Travelled in bounce upside from 1.5570 to 1.56019 - recent high - getting resistance shall be an opportunity to sell.
Entered in the most wanted zone 1.5615 - 1.5620 & minimum requirement achieved upside - The fall from 1.5650 to 1.5565 has been retraced 61.8% at 1.5620
Shall be looking for a fall - be ready for the excitement once this zone offers resistance - sooner or later shall have the fall.
Zone 1.5615 - 1.5620 offers resistance as expected & pair had a fall to 1.5565 -1.5570 zone
Next Sell -once it starts falling below 1.5565 or Short term buy above 1.5565-1.5570 zone for targets 1.5615-1.5620 zone again - getting resistance later from same zone will be selling from tops again.
Have a nice trading week.
Small move downside to 1.5549 - Any move above 1.5565 - 1.5575 -shall see bounce to 1.5600 - 1.5615- 1.5620 range
Travelled upside above 1.5565- 1.5575 to 1.5615-1.5620 zone - recent email@example.com - Looking for resistance - Travelling below 1.5610 & later below 1.5580 can be seen as selling opportunities
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ