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lyl89
Dec 21, 2017 7:23 AM

EURUSD - Gartley Pattern on H4 Chart Short

Euro Fx/U.S. DollarFXCM

Description

A bearish gartley pattern seems to be completing soon, RSI is about to reach overbought level as well.

PRZ is at a good resistance zone.

R:R at 1.3 (TP1) and 2.1 (TP2).

Good luck.
Comments
theleadswiper
hi can you give me a couple reasons why this pattern didn't trigger?
lyl89
@theleadswiper, sure, the pattern completed with a bullish candle (Terminal bar) going way beyond the PRZ and there were no signs of retracement after that.
RSI did reach overbought level, however, it went higher for the next few candles.
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