TradingView
themarketzone
Feb 20, 2015 12:05 PM

140 pips on bearish Gartley - Cypher next?  

Euro Fx/U.S. DollarFXCM

Description

The Weekly Markets Analysis bearish Gartley setup reached both of its target this week (and beyond)
1.144 was a strong resistance zone over the week as the EURUSD is trading within the 1.44 - 1.34 (1.3) range.
EURUSD is now at strong support zone.

If the EURUSD will hold the support, we can try to trade it back up to the 200 SMA line and later (if it will continue higher) to the top of its range.

If the EURUSD will break down the support, then, check out and monitor the bullish Cypher pattern, mentioned in the WMA, completing near 1.12.

Have a great weekend

Press the like .. if you like :)

themarketzone.net
More