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lyl89

EURGBP - Potential Gartley Pattern on H4 Chart

Short
Euro / British Pound (FX:EURGBP)  
lyl89 Updated   
FX:EURGBP   Euro / British Pound
Fibonacci Harmonic Patterns Gartley EURGBP eurgbpshort Bearish Gartley harmonicforex scottcarney Technical Analysis tradingsignals
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fibonacci harmonicpatterns gartleypattern eurgbp eurgbpshort bearishgartley harmonicforex scottcarney technicalanalysis tradingsignals
A potential bearish Gartley pattern is completing soon with RSI at overbought level.

PRZ is at a good resistance level.

R:R at 1.2. Good luck.
Comment:
Measuring again, XA retracement did not hit 61.8%, it should be a bat pattern instead.
I have redrawn the PRZ, TP and SL levels.
PRZ: 0.89057 to 0.89014
snapshot
Comment:
Trade is in the money, suggest to shift SL to breakeven for a risk-free trade.
snapshot
Trade closed manually:
For those who are in the trade, I suggest to close your trade at about 40-60 pips profit depending on entry point, a Gartley pattern is completing very soon on H1 chart.

PRZ area: 0.88265 to 0.88221
snapshot
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