EURCHF, Gartley222, 78% retracement, bounce from Weekly 20EMA

OANDA:EURCHF   Euro / Swiss Franc
Short opportunity in the form of a harmonic Gartley pattern or simply an AB=CD at the 78% retracement level.

This is with trend trade, the price at the moment is at the Weekly 20 EMA. Hope for a bounce from there.

The risk to reward illustrates the distance to the 161% extension. It's a long way to go so if you decide to run this as a runner target, you better stage out at some point and put the stop to breakeven. These targets are not easy to reach and are not high hit-rate aims, but are ones that can easily make half of your trading gains.


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