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FYI: EURUSD: After Gartley Trade...Be Aware Of Possible Triangle

FX:EURUSD   Euro / U.S. Dollar
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For those that were in the Gartley trade and are holding LONG as per my most recent analysis on this pair (see Related Ideas: "ANALYSIS: EURUSD: Whole Lots A patterns point the way UP!"), be aware of the minor trendline (red dashed) that is just ahead. This smaller trend line could form the top of a smaller triangle pattern that could develop. If prices react here and get rejected and head back down, then it is likely that this triangle will form before eventually sending prices up.

There is also an AB=CD pattern that will finish right at that trend line as well.


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