EURUSD Potential Gartley and Butterfly completion

FX:EURUSD   Euro / U.S. Dollar
This possible setup includes Bearish Gartley and Butterfly pattern completions within the same reversal zone drawn in blue. The arrow represents an AB=CD on the Butterfly pattern which I've selected as my ideal entry location, especially considering it is near the highest horizontal resistance line drawn in green. The market could potentially reverse at the second highest line around 1.1470 since this has been the most significant resistance level during the last year. This would scrap both of these patterns, but an earlier entry would be hasty as far as pattern trading goes. You could argue trend continuation trade to the down side if a lower high/double top is put in at or below the same 1.1470 level. Since the RSI is showing bullish hidden divergence (drawn in red), I'm only preparing for the pattern completion.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out