sleutha

Most likely trade is the gartley but the bat is still possible.

FX:EURUSD   Euro Fx/U.S. Dollar
143 3 3
two potential harmonic patterns might take place, the bat pattern or gartley pattern . If markets hold on the 1.13802 level then the bat pattern is the most like pattern to happen and we can also see the double bottom trade with a nice trade on the C and D leg before spring-boarding off in a bullish direction of the 1.13432 level.
But by looking at the last bearish candle formed (which is a continuation candle) most likely market is going to retrace towards the 1.13432 level forming the A-B leg of gartley and the a potential C leg trade will be activated. Also the RSI is below 50 and this favors the bearish side so a further pulled down to 1.13432 is more likely to might happen. This will give a nice 2.42 ration trade with target at the 0.382 fib ext level.
sleutha
2 years ago
C Leg complete 35 pips banked, now just waiting for RSI to drop below 50 for d leg entry.
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sleutha
2 years ago
Plus a nice 80 pip banked on the D leg movement
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sleutha
2 years ago
All 3 trade perfect and all 3 profit targets hit, still in the trade just getting $$$$$$
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