I spy a Bearish Gartley EURUSD Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Jun 17, 2014 3:02 AM

Possible Gartley forming in the 4hr chart. Once it hits and tests the resistant level( 1.36171- 1.36092), sell short.
Take profit #1 at 1.35501 (.50 retracement of AD) and possible profit #2 at 1.34747 (1.27 retracement of AD).

Good chance as it has tested this resistant level multiple times. Keep a look out!

Lets make some pips!

Comments

nikosda

⋅ Jun 17, 2014 3:14 PM

and the ab=cd is wrong

nykevin94

⋅ Jun 17, 2014 4:33 PM

If we use the traditional way, Then D will be around 1.3589 - 1.3597. We shall see in the next couple of days

nikosda

⋅ Jun 17, 2014 7:48 AM

THIS IS HOW THE GARTLEY LOOKS LIKE.

nykevin94

⋅ Jun 17, 2014 11:51 AM

I believe there's a couple way to draw a gartley. I used the AB=CD symmetry technique

nikosda

⋅ Jun 17, 2014 7:40 AM

THIS IS NOT A GARTLEY.