Art_of_Trading
Short

EURUSD: 4H Potential Gartley Pattern

FX:EURUSD   Euro / U.S. Dollar
On FX:EURUSD             , it is clear that bulls are in control of the price. They pushing the price up and there is no sign of bears yet. So, when do we expect bears to step in and bulls start getting their profits?

The next structure high is at 1.906, however, it is not a strong level to go short. Bears would not lose their battle so easy, as they momentum and big bars show that they are committed to buy.
However, there is a next structure high at 1.1034. This is the resistance level , price respected it few times and it is expected it will do it again. That the best level buyers to lock their profits. Also, most of the institutional orders will be place at red zone. We all know that, big orders mostly placed on key levels.
In addition, there is a potential gartley pattern , which guides where to enter, and exit. This set-up is a good opportunity to go short.
T1 - 38.2%
T2 - 61.8%
-----------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - http://www.trading-library.com
Top 10 Forex Broker: http://www.best10forex.com
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out