we just saw another Huge Short going on in the EU Pair.
Now we approaching former Support Zone again. I did the combo of DXY and EU now.
What we do see on the DXY is a Wedge sitting at its top trendline now. According to Fibonacci Extension of last prior move, we could see a little more Upside and then back to the lows, wheren we can buy DOLLAR again and sell EURO.
THIS comes perfectly with my E/U Chart, because a little more upside for the Dollar would mean E/U to drop to the buyzone at former Support zone.
SO 2 ways to play this. Buy E/U NOW and set SL below the former lows, OR wait for price to come to your Buyzone and enter then. Targets at 1.13000 and 1.15000 depending on DXY. Check where it sits when you close the Profits.
Thanks for this! I am aiming for the second way to play this. Although your buy zone is a little below my potential reversal zone, it does not invalidate the Gartley so we could both make pips.
Fib.The.Gentleman
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Ye my Buzone is for pending orders so that you can get filled within a Wick like we saw them at 26 February, its wonderful when you get pending orders filled and then it snaps back Up.
Im also looking at your PRZ to enter manually with market price. :)
krishrez
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I HAVE BOUGHT EURO @1.1165 WHAT PRICE SHOULD I TARGET