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themarketzone
Aug 16, 2016 11:06 AM

Next harmonic pattern for EURUSD - Bearish Gartley Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD rallied from 1.1 following completion of two bullish harmonic patterns.
Now EURUSD is approaching 1.13-1.135 - A daily resistance zone just below the weekly resistance zone of 1.14 and the completion zone of a bearish Gartley pattern (red).
The price will also test the broken uptrend line (uptrend line 3) that should act as resistance.

Interesting potential Sell Zone for EURUSD
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Tomer Jakov, The MarketZone

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Comment

Perfect reversal at the PRZ.
Looking good, perhaps a small pullback but the trade hasn't reached final target yet
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