FX:EURGBP   Euro / British Pound
Hey traders: We have a potential bullish Gartley setup in EURGBP             . IF price action drops to 0.76555 the bullish Gartley pattern will be completed. Look left structure leaves clue, Resistance becomes Support as usual, We do have a chance to see the price action bounce from the structure zone, hopefully the stops are below it. We are trading above the 89,144 EMA's which indicating a bullish bias too, Also if you notice that before the XA leg we do have an impulse leg which is the new structure high which made the change in trend. I am expecting the price action to reach 0.76901 if the pattern completes. Also look at the RSI 7 period which shows a bullish hidden divergence.
Let us see what happens.
Hi Morsh, this trade active yet?
+1 Reply
No, About to cancel!
Hanu727 morshedul.sazid
I'm currently short on EG from .7705. Any thoughts would be appreciated.
CraigRan morshedul.sazid
about to cancel? but its almost 100+ pips i mean i started at the 0.7662 and its a lot profit now i thought u already active the trade ........
1.272 Fibb level was not hit. Badluck!
Well, that is not a perfect way to count. But if price action comes back in tor the structure support it may have some potential to bounce.
Could this also be a possibility
+1 Reply
Always appreciated!
+1 Reply
Thank you! :)
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