FXTPTeam
Short

EURUSD 4h TF - bearish gartley

FX:EURUSD   Euro / U.S. Dollar
EURUSD             4h TF - soared high, reaching 1.117. The anticipated Gartley from 3 weeks ago has completed. Will it retrace, or continued higher??? #eurusd
can i ask you how you recognize a gartley or a crab pattern? i mean the difference are not so many
Reply
FXTPTeam danndc
Hello dan, this is a good question. Basically Gartley can transformed into a crab very easily. It all depends on price movement and market analysis. Usually I work closely with S&R levels and market sentiment, to help me understand with is going on, feel the market and measure the possibilities. As we know, there aren't any clear rules for these kind of behaviors , but with time, you get the grasp. For example - this pattern, is questionable: From the one hand, the pair has soared and reached new highs, signaling a possible shift in sentiment (at least for the near future), and in case specific levels will get broken, it will go even higher. From the other hand, if it will retrace a bit lower, and break some levels, it can go easily to the 1st target of retracement...
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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