VitruvianTrader

EURUSD Giant Gartley at Major price zone

FX:EURUSD   Euro / U.S. Dollar
I am neutral on this pair because of dollar momentum at major highs.
The EURUSD             Gartley is completed and selling at discount right now.
The red line represents the year-low as well as low of the 21st century, and is a MAJOR level.
This level is in line with the 1618 extension of the AB move which is usually a good indicator on where price is going to go.

If we close below these levels we could see a major bearish move to the downside.
I am reluctant to get involved on the long side just yet.
If we can push lower and get some price action signals, I will get involved with less risk. The lower 500's with bullish price action would probably get me involved in this Gartley .
Will be watching this closely.
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