KVE
Short

EUR/USD: Possible Gartley or simple breakout...

FX:EURUSD   Euro Fx/U.S. Dollar
179 0 9
8 months ago
Uptrend looks corrective and weak atm. I was hoping to get a good entry based on the Gartley drawn on chart but we might be going down already... So, possibly we'll see downtrend continuation soon until either the larger TF (4H) bat or H&S pattern completes ( trendline below, see my 4H analysis...).

Technically the Gartley is still possible, but in that case we will also break the down trendline so atm I'm counting more on a simple breakout scenario...

Tricky to pick the target for a short: 4H bat completion technically at min. 1.1260, max. 1.1237, TP1 for daily bat at 1.1247...
My long entry for the blue 4H bat is 1.1250... Safe target for short is therefor 1.1262 for me...

Choose wisely or pass if it doesn't feel right...

4H bat or H&S (close to completion):
EUR/USD: 4H bullish bat to resume uptrend or complete H&S?


Daily bearish bat (TP1 coming up...):
EUR/USD daily: Close to completion of a bearish bat!

8 months ago
Comment: Anyone who took the short breakout: take (partial) profit if you haven't already, SL to BE.

I entered a long just now with SL below the low of today..., will trail SL to BE at 1.1250
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