Hi guys! Here on the intraday timeframe we got a SHORT opportunity by which we could go and extend our targets and take trades upon the completion of another setup depending on future market sentiment or other factors.
Bear Pattern completion: Gartley: 1.3741 Deep Gartley: 1.3742 TP1: 1.3711 TP2: 1.3692 to extended TP it goes on and etc, trade management is applied. Stops above structure's X point.
Bull Pattern Completion: Gartley: 1.3655 Deep Gartley: 1.3643 TP: Looking on the Daily outlook. And can go with TP 1 and TP 2 Fib level of 38.20% and 61.80%. Stops below structure's X point.
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We are near to our pattern completion. Aggressive can enter with pending sell limit. Conservative can wait for confirmation.
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We are near to our TP 1.
Trade closed: stop reached
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with BE as price was near to our TP 1.
Comments
musiq787
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So close. Do you have your stop loss just above X?
TheForexSamurai
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@musiq787, currently stopped out with BE. We will re enter short depending on future price action. But yup. Usually stops are above the X point bur for my bias on the EUR. I would like to buy notice our previous setup on this one.