forexopl
Short

EURUSD Short - Gartley

FX:EURUSD   Euro Fx/U.S. Dollar
71 3 1
A nice bearish gartley harmonic pattern has been created on E/U. Looking at the daily chart price action has reached a daily resistance level, and dropping down to the 4 hr             , it can be seen even clearer. Risk reward on this trade is a little over 1:1, if TP is taken at first dashed line (38.2 fib). Looking to enter when market opens, but will check for gaps and see how other pairs opened.
krystianfx
2 years ago
cloning was on Friday to this level now only they should go up from 249x
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forexopl
2 years ago
TP 1 Hit, move stops to breakeven.

@Krystianfx, i am bearish on the euro, Draghi and the ECB are concerned with low inflation in the Eurozone, and thus are pumping money into the economy, while keeping interest rates low to spur some demand in the economy. When interest rates are low, its a benefit for people to take loans and start business' etc. I never used to be a fundamental trader, but I am shifting towards understanding what the central banks are doing as it has a significant impact on the currency.
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krystianfx forexopl
2 years ago
fundamental is a on think and technical during daytraiding is a second one but you have right in long term of course I will play lower to 1,18 - 1,16 but now too new year and month past In my opinion we will have a consolidation...but I'm ready to go short...:)
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