EURUSD 60 potential bearish Gartley - continued consolidation ?

FX:EURUSD   Euro / U.S. Dollar
Depending how the world might react on the failed negotiations between the EU finance ministers and Greece, we could see a completion of this Gartley or not. I will certainly keep an eye on it.

I would strongly advise to put the stop above previous breakout - if you don't, stop loss might be hunted and you'd lose out on a nice opportunity. Even with this stop loss, the RR for TP1 is 1.5/1 and >3/1 for TP2.

Questions about this setup ? Don't hesitate to contact me.

May the pips be with you !
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I see you changed your profit logic. You used to use retracements of CD (looking at your older publications), you seem to have switched to retracements of AD. You have gotten a little more ambitious at setting targets! Nice.
+1 Reply
Nico.Muselle JasperForex
Indeed I did, I looked back at previous patterns and checked out the profitability of one system against the other. As it turned out the AD system was overall more profitable I switched. :)
+1 Reply
JasperForex Nico.Muselle
Welcome to the AD club!
+1 Reply
Nice, Akil would be proud =)
+1 Reply
Nico.Muselle Dale_Ansel
Hehehe ...
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