Bullish Gartley formation

Bearish Gartley formation

Bearish Gartley formation – a Sell Signal is givenWebsites: http://onix-trade.net/forum/index.php?showtopic=118&st=3630http://www.forex-tsd.com/harmonic-trading/11443-harmonic-zigzags-15.htmlhttp://articles.mql4.com/376

EUR/USD heat map chart with zup 71-76 shows that EUR/USD is stronger than GBP/USD. Using multi-currencies EUR/USD, EUR/GBP, GBP/USD. Template used = <3.2.08 - eur.usd = heat map zup 71-76 >

GBP/USD heatmap chart with zup 71-76 shows that GBP/USD is weaker than EUR/USD.Template used = < 3.2.08 - gbp.usd = heat map zup 71-76 >

EUR/USD formed 8-6-4-2-1: hitting twice the Monthly (Yellow), Weekly (Orange), 4 Hour (Magenta) beams of resistance. EUR/USD may form a triple top and breakout. <Template used = 3.2.08 >

EUR/USD still on an uptrend on H4.

EUR/GBP formed 7-5-3-1. Hits the Monthly (Yellow), Weekly (Orange), 4 Hour (Magenta) beams of resistance. EUR/GBP may retrace and breakout if EUR/USD does its breakout. The slope of the 14 and 21 EMA from 0.715 to 0.7675 is not as steep as the EUR/USD 14 & 21 EMA slope.

EUR/GBP hits the Monthly (yellow) and Weekly (orange) beams. Formed a Bearish Butterfly. Uptrend is still strong.

GBP/USD hits the 4 Hour (Magenta) beam and formed a Bullish Bat. It is ranging and the 14 and 21 EMA does not have a strong trend.

GBP/USD is still strong, uptrend but the slope is not as steep as the EUR/USD slope. It has a strong resistance on the Yearly Pivot at 2.0013.

EUR/JPY is on a downtrend. It is not a strong downtrend as the GBP/JPY. EUR/USD is stronger than GBP/USD. Using EUR/JPY, EUR/USD, USD/JPY to show multi-currencies strengths. Template used = < 3.2.08 - eur.jpy = heat map zup 71-76 >

GBP/JPY is on a strong downtrend. GBP/USD is weaker than the EUR/USD. Using GBP/JPY, GBP/USD, USD/JPY to show multi-currencies strengths.

EUR/JPY formed 8-6-4-2-1. Hits the 4 Hour (Magenta) beam. From the failed Bullish Bat formation on leg 4-2-1, it went upto the 2nd Daily Resistance and fell. Since EUR/USD is strong and USD/JPY is weak, EUR/JPY does not do a big fall but there is no support in sight for now.

EUR/JPY hit the Yearly Pivot on leg 3 of the Bearish Bat. It may still go down since there is no strong support.

The strongest support will be the Yearly Support at 153.48.

USD/JPY formed 6-4-3, hits the 4 Hour (Magenta) beam of resistance, then dropped from 2 to 1. A steep down slope of the 14 and 21 EMAs exists and there is no support.

USD/JPY formed 6-4-3, hits the 4 Hour (Magenta beam), then dropped from 2 to 1. A steep down slope of the 14 and 21 EMAs. Hits the Yearly Support 1 at 103.26 and still dropped.

GBP/JPY forming: 8-6-4-3, hits the 4 Hour (Magenta) beam. Formed a Bearish Bat on point 3 and goes down from there. The 14 and 21 EMA cross down and goes down on a free fall. It will still go down until it finds a support below. May still go down for a few more days.

GBP/JPY formed a Bullish Butterfly but the slope is still on a strong downtrend. Penetrates the Yearly Support 1.

USD/CAD formed a 7-5-3 hitting the Weekly (Orange) beam of support. It forms a Bearish Butterfly from 4-3-1 and hits the Daily

Resistance 1.

It retraces and may continue it downtrend.

USD/CAD hits the Weekly (Orange) beam of support. Hits all the Daily Support levels.

It retraces to the upside.

EUR/CAD formed a 5-6 that hits the 4 Hour (Magenta) beam of resistance. Formed a Bearish Bat from 4-3-2-1 and went up. Hits the Daily Reistance and Daily Pivot and retraces but not for long. Since EUR/USD is still strong, EUR/CAD may still go up.

EUR/CAD formed a Bullish Gartley. It may retrace a bit but the uptrend is still strong.

AUD/CAD hits the Weekly (Orange) and 4 Hour (Magenta) beams of Resistance twice and retraces. Formed a 8-6-4 that hits the 4 Hour (Magenta) beam of resistance. A Bearish Butterfly was formed. We received a SELL sign but looks more like moving in a range.

AUD/CAD did a Double Top hitting the Weekly (Orange) and 4 Hour (Magenta) beams of resistance.

Also hit the Yearly Resistance 1 twice.

From there, there is a strong retracement to the downside.

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