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fxice
Apr 24, 2012 5:17 PM

EUR/USD Harmonic Analisys 

Euro Fx/U.S. DollarFXCM

Description

EUR/USD reached D point at 61.8% Fibonacci expansion for AB=CD on small gartley. MACD turned bullish and my bais changed to bullish side now. Target for great gartley pattern D point is around 100% Fibonacci expansion 1.3860 and 78.6% Fibonacci retracement 1.3900. This will change if price action breaks rising TL of the triangle (green TLs). Watch for triagle upper TL.
Comments
alinolar
Followed.
Aloha
Followed.
DTFXTrading
I need to get into harmonic patterns so I can understand this style of analysis further. I'm guessing though that the idea targeting D has broken down? I mainly trade Ichimoku but always like to learn other styles to have more ideas to play with
fxice
Comments and followers are welcome
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