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lovelace
Apr 11, 2014 11:15 AM

EURUSD Completing Shark Pattern - Potential Gartley Setup Short

Euro Fx/U.S. DollarFXCM

Description

The CD leg of the shark pattern has reached the 1.61 retracement of the BC leg. I'm waiting for confirmation of reversal before entering short somewhere between here (~1.389) and 1.40.

If the reversal happens sooner rather than later, there is also the possibility of a Gartley pattern presenting an opportunity for a long position somewhere around the 1.3527 support level.
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