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EURUSD: Much Too Early Projections Of Possible Gartley/Bat/Crab

FX:EURUSD   Euro Fx/U.S. Dollar
JFYI.......

With the current Greek referendum looking like a "no" vote and continuation of it's dire economic outlook, it's very likely that this pair will drop significantly breaking out of it's current bear flag pattern. In my post on this pair last week, I projected that it was possible that there was yet another leg up within this bear flag. But it's possible that it will break out this week and resume it's major downtrend. If so, here are two possible patterns to CONSIDER.

It is way too early to call these patterns and that's not what I'm doing here. Only giving a possible scenario should prices break down. It's possible that there will be a large gap down to reflect the result of the referendum which could possibly fill the Gartley and then prices may head back up to fill the resultant gap, retest the lower boundary of the bear flag and then head down again to fill the Bat pattern .

As a reminder though. I don't take positions until the actual completion of the patterns as I don't "speculate" as to the direction of the market. I only trade what I see.. The 60+% positive result of these patterns only apply when they are actually completed. So don't ask should you go short because I'm thinking prices might go down to fill the CD leg of the patterns. What you do is entirely up to you.
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nezyrinfx
a year ago
There is a small gartley(4hr TF) in big gartley(daily). i will be shorting at 1.1360.
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EverythingForex PRO nezyrinfx
a year ago
Probably there is. But I am not shorting this pair. I only posted these patterns as POTENTIAL patterns in the case prices do start heading south. Then I'll be looking for these patterns to complete. In the meantime, I am actually going LONG and staying LONG with my original post about a crab pattern I posted last week and just updated today. Will stay with it until it gets taken out. You can see if you agree....
UPDATE #2: EURUSD Bullish Crab Pattern - A Case To Go LONG
EURUSD: Bullish Bat Pattern
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nezyrinfx EverythingForex
a year ago
this is correct as i have a Long from 1.09766. Expecting to bounce somewhere 1.1200
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