EURUSD Pending Gartley Patterns With Great Potential

Euro Fx/U.S. DollarFXCM

Description

⋅ Dec 29, 2015 10:15 AM

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

⋅ Dec 30, 2015 3:59 PM

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

⋅ Jan 6, 2016 5:51 AM

The smaller pattern worked pretty well..

Comments

Amina66

⋅ Jan 6, 2016 1:26 PM

wow! you were so sure about it. I'm new here. Looking forward to your more Analysis. amazingly explained!

Fxprotrader

⋅ Jan 6, 2016 2:27 PM

Thank you amina..!

PaQu

⋅ Dec 30, 2015 8:15 AM

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?

Fxprotrader

⋅ Dec 30, 2015 3:55 PM

My bad PaQu.. The larger pattern is a bat pattern.. I will update this post.. Thank you very much for the correction..!

PaQu

⋅ Dec 30, 2015 4:25 PM

You are welcome. Glad I could be helpful. Good luck!

Amina66

⋅ Dec 30, 2015 7:10 AM

Woah

EagleTraderFX

⋅ Dec 29, 2015 1:21 PM

Can short now?

Fxprotrader

⋅ Dec 30, 2015 3:57 PM

It's still ok.. But don't place your stoploss above X point.. I would trade this like that: