LewisGlasgow

EUR/USD - Bullish Gartley

Long
OANDA:EURUSD   Euro / U.S. Dollar
Following up from my previous successful bullish gartley for EUR/USD , we've now got another bullish gartley but this time on the 30m chart.

The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786

As you can see the PRZ forms on a critical level of support, this is an ideal area for a reversal to take place.


You can check out my previous EUR/USD idea here.


I'll re-analyse upon completion, this setup provides a 1:2 risk to reward.
Comment: After reflection on the setup, this setup seems far more reliable... Again, I need to do more analysis before entering.

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Comments

Yes, I think this bat pattern is a lot more reliable. I posted this in an idea as well. Could end up being a deep crab as well:
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my view
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Thanks
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