killrsquirel
Short

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.
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