EUR/USD forms bullish Gartley pattern, buy at dips Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Oct 6, 2015 7:08 AM

Harmonic Pattern formed – Bullish Gartley pattern

Potential Reversal Zone (PRZ)- 1.11650

Any break below 1.11650 will take the pair to next target 1.11500/1.11250.

On the higher side minor resistance is around 1.12040 and break below targets 1.1240/1.1264/1.1295

Overall bullishness only above 1.1320.

It is good to buy at dips around 1.1195-1198 with SL around 1.1165 for the TP of 1.1260/1.1290

Comments

Marenno

⋅ Oct 6, 2015 7:15 AM

Interesting view, when the target is reached, it might be a good sell signal because of the Filtered down swing 76.4% Area :

FxWirePro

⋅ Oct 6, 2015 7:16 AM

yes u are right

Marenno

⋅ Oct 6, 2015 7:16 AM

Thank you for sharing!!!