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.
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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