slindstr
Short

EURAUD - Potential Bearish Gartley or Butterfly

FX:EURAUD   Euro / Australian Dollar
Remember that the ECB press conference is happening in < 8 hours so that might mess this up :)

We might have a big bearish gartley or butterfly forming on the EURAUD ; we're at the AB leg completion with RSI looking overbought, so I'm hoping we fall down to support around 1.4152-ish to form our BC leg, retracing after that to form our CD leg, which could complete @ 1.4480-ish or 1.4540-ish if it's going to be a gartley , or 1.4800-ish if it's going to be a butterfly .

For now I'm hoping to get a fill and sell short if we retest structure @ 1.4385-ish with a stop at 1.4420, which is right above upward resistance. Depending on how long it takes things to play out, I might flatten my position if it gets too close to EUR news...
Looks like this has turned into a cypher pattern - check out NicuoMuselle's chart for more info:
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out