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Fxprotrader
Sep 22, 2015 12:06 PM

EURUSD@ Potential Bullish Gartley in WXYXZ Corrective Wave 

Euro Fx/U.S. DollarFXCM

Description

Eurusd is moving into a corrective structure into a nice rising channel. Price needs to move a little more to the down in order to complete a bullish gartley pattern with its D point exactly at the support line of the channel.

In addition we can see in the chart that after the gartley pattern completes, it needs one more wave up to the resistance of the channel so we can have a triple three corrective pattern. At that point we should aim for our profit target.

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