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There is interesting move on EURUSD. Sellers have a power, but now bulls try to defend 1.1190 level. If they win it will be nice reversal Gartley pattern. If not, bulls have another level for return to market - 1.1150.
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One more harmonic pattern USDPLN
February is near to end and i want to tell about one harmonic pattern that i played in February. It was nice Buterfly pattern on USDPLN as form to defend support near 3.60. So, maybe 3.60 is still main support and wee may think about buy in next mounth?
Gartley on USDCAD, Lesson for future
Several day ago I wrote about Gartley pattern on USDCAD. Now i am a little angry with me becouse Gartley pattern show a 1.26550 level as nice resistance but i didn't sell USDCAD. So, it is nice lesson for future .. Garley pattern show very clearly resistance. Now, if the border 1.23500 will be broke down price 'll move down too. If buyers'll defend this level everything is possible..
It isn't Garley, but pin bar on EURNZD
In 20.02 we've seen not Gartley pattern on EURNZD (it was my idea several days ago), buy "simply" pin bar on important support level. I've opened long position near 1.5020. If pin bar will be defend we should see strong move up. Why? Several last weeks market was looking for answer - has been break down 1.500 level true or false?
Let's see weekly chart. It show how important support level is 1.5000. On the other side if pin bar will be break down we ought to see very strong move down.
Let's see weekly chart. It show how important support level is 1.5000. On the other side if pin bar will be break down we ought to see very strong move down.
Gartley on EURNZD..
EURO is still in down trend on EURNZD, but if price'll test 1.5000 and bulls returns it will be very interesting harmonic structure - bullish Gartley.