I was alerted by @NicTrades on twitter about the Bullish Gartley formation in the daily chart of GBPUSD. Here is my chart, with addition trend line retests are observed. Here is the ….. CHART!
Harmonic setups
$GBPUSD 07 September 2011
This is a swing trade setup. Cable is moving closer to retest previous broken trend line, and a bullish harmonic pattern is forming. It depends on one’s risk tolerance, I prefer to build entry near trend line. Still watching for now. I expect some reactions at the trend line retest. Here is the … CHART!
$NZDUSD 31 August 2011
A bearish harmonic setup is observed while NZDUSD is retesting the broken trend line. Bias remains short for now.
$AUDNZD 19 August 2011
Here is another potential swing trade setup I have been looking at. $AUDNZD is testing the established down trend line, and with completion of bearish ABCD formation. I expect price to face resistance at this level. I’ll be watching price action closely next week to confirm my thought. Here is the….CHART!
$EURGBP 19 August 2011
EURGBP pulls back to the previously broken down trend line, and also complete a bullish harmonic formation. This presents a potential long opportunity with first target around 0.8880. Here is the…..CHART!
$NZDUSD 17 August 2011
I maintain my short bias of $NZDUSD for now after the established uptrend line was broken earlier this month. The broken trend line was retested and acted as resistance. I have been making some daytrades for the past couple of days. However, for the bigger picture, I am now looking at a potential swing trade, […]
