Fxprotrader

EURUSD Pending Gartley Patterns With Great Potential

FX:EURUSD   Euro Fx/U.S. Dollar
Pending gartley patterns in EURUSD             . If price retraces to form C wave i will update with a possible buy setup in order to have D wave completion. For now just wait for the smaller gartley to complete so we can go short.

Comment: There is a mistake in the description of this idea.. In both the chart and my post i mention the larger pattern as a gartley.. This is obvious that this pattern is a bearish bat pattern..
Trade closed: target reached: The smaller pattern worked pretty well..
Can short now?
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Fxprotrader EagleTraderFX
It's still ok.. But don't place your stoploss above X point.. I would trade this like that:
snapshot
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Woah
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As far as I remember in bearish gartley pattern the AB move should retrace 61,8% of XA move? 61,8% of XA is 1,1125, so isn't the AB move too short?
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My bad PaQu.. The larger pattern is a bat pattern.. I will update this post.. Thank you very much for the correction..!
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PaQu Fxprotrader
You are welcome. Glad I could be helpful. Good luck!
+1 Reply
wow! you were so sure about it. I'm new here. Looking forward to your more Analysis. amazingly explained!
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Thank you amina..!
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