Mario_PLN

EURGBP - gartley 222 pattern

Short
FX:EURGBP   Euro / British Pound
As PA has flattened near to 61% and 2017-07-14 low with H4, D1 bearish momentum weakening and very low ADX (H4) (which may stand for reverse), I will try to be patient and base on Daily and Weekly TF technicals I will wait for another leg down which will complete gartley 222 D-leg pointing 61% fibo retracement. If PA will break yesterday high I will change my sentiment to neutral and will try to find a good buy entry. Good luck
Trade active: I sold that top @8785 after price broke upper KC allmost at top of M15 candle but current H1 candle closed green in last 5 min spike. I'm keeping idea that the price has made top already and now my SL is @ 8785, so will close it with no loss.
Trade active: They are really trying me to close my sells even more argessively than yesterday but Im still more bearish overall on this pair...
Trade active: Well this Gartley became Butterfly with D-leg extended allmost to 1.272. I waited too long with my sells and learned again that we are not in pharma store and we will not hit projected 'POINT', we will hit projected 'RANGE' instead. Price went up and today will try to break my fibo channel first boarder. More buy can occure then, but I will focus on GOLD as my best friend. Good lesson learned. Good luck.

Comments