Potential Bearish Gartley pattern EURCHF 1hr

FX:EURCHF   Euro Fx/Swiss Franc
59 0 2
a year ago
A potential Gartley Bearish pattern has caught my attention at EURCHF             H1. My recommendation is entering the trade between the 1.10745 and 1.10643 mark.
I always like to wait for secondary confirmations to enter such trades, so we need to wait for the pattern to play out. Always set an alarm when the price enters the PRZ (Potential Reversal Zone)

TP1 1.10340 (38.2% Fibo C to D)
TP2 1.10095 (61.8% Fibo C to D)

SL 1.11000
a year ago
Comment: Strong signs of downtrend are beginning to appear, I have placed a sell entry as soon as the price hits the PRZ, hopefully I will drive home to a nice profit!

Autopilot: ON
a year ago
Trade active: Trade has entered at 1.10514
a year ago
Trade active: TP1 Hit for a small 15 pip, not complaining, could be worse. SL moved and waiting for TP2.
a year ago
Trade closed: stop reached: Because trade was not entered at the originally expected value, there was a slight change for TP1 and TP2. The new 61.8% fibo was reached and the trade closed an extra profit of 25 pips. Adding up to a total profit of 40 pips.
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