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kschiang228
Mar 7, 2017 12:46 PM

Bearish Gartley forming on EURGBP Short

EUR/GBPOANDA

Description

A Bearish Gartley Pattern is forming on EURGBP.
1) Quite precise 0.618 retrace of XA leg at B
2) Equivalent AB=CD lands close to the 0.786 retrace level of the XA leg at point D
3) 1.272 projection of the "BC" leg lands almost on top of the 0.786 retrace of the XA leg.

Plan to short if there are signs of price rejection at Point D
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