Fxprotrader

EURUSD: Bearish Gartley Pattern Completion

Short
Fxprotrader Updated   
FX:EURUSD   Euro / U.S. Dollar
Price has completed a bearish Gartley pattern. Willing to trade it with a great risk/reward ratio and since placing stops above X point requires a larger risk, I am considering trade price action in its PRZ. This way aiming for the 0.382 and 0.618 fib retracements of the AD wave we do have two great positions with risk reward >4:1

RSI is overbought - a good confluence..

Have a nice trading week...!
Trade closed: target reached:
We move stoploss at breakeven to second position
Comment:
Both targets reached ;)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.