Oztrade
Long

EURUSD DAILY - BIG BULL GARTLEY - POTENTIAL LONG OPPORTUNITY

FX:EURUSD   Euro Fx/U.S. Dollar
670 0 7
Hi All,

I wanted to share this potential Bullish Gartley we see setting up here on the Daily.

As always Entries in the Green Zone - I Between 78.6% and 1.272% entry level

Stops below X @ a minimum level of the 1.113%

Initial Targets just below 38.2% and 61.8% using the Fibonacci Retrace from the A to D leg - and making sure you adjust targets after D completion.

Some may chose in the middle of the 78.6% and 1.272% for entry level. You may want to be more conservative and look for another reversal signal - maybe we hit the 1.272% and then retest with a double bottom.

This is a large pattern and has a S/L of roughly 200 pips compared to if you normally trade 1H charts which would be at most 100pips in S/L

Reward if pattern completes is a very nice looking Target 1 and 2 - R:R is better than a 1:1 profile

I dont trade Daily but wanted to share this with you.

Good Luck and Happy trading
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