FullTimeTrader
Short

EURUSD-confluence of many reasons to short-bearish gartley

FX:EURUSD   Euro Fx/U.S. Dollar
913 2 17
I think the EURUSD             will be consolidating for the next days at least to Wednesday due to bank holidays and before the FOMC statement.
A potential triangle is forming at D1 chart.
snapshot


I prefer to use harmonic in confluence with other reasons to validate an entry. Here on 4H chart we can see a bearish gartley pattern almost completed.
Other confluece reasons:

- trendline resistance
- R1 pivot resistance
- D1 EMA 55 level acting as resistance
- strong psycholevel 1.1000 (to protect the SL)
- double bollinger band correction (no shown on the chart)

Best regards

boyan.ivanov.96
2 years ago
nice i have something similar
snapshot
+1 Reply
FullTimeTrader boyan.ivanov.96
2 years ago
Very interesting, we can trade that cypher as an agressive C entry also. The point D of the cypher would be our target.
+1 Reply