A bullish gartley pattern has completed in daily chart which makes the trend reversal. Still it does not hit the targets, will expect that to be happen in coming days. When analysing the wave patterns a small correction has completed and the reversal happened. It would continue to move upwards.
Potential Bullish Gartley counter trend trade with mixed signals.
We have dropped below the Gartley on the daily chart but this could be a nice bounce. 1.57 to 1.59 heavy support line. I'll need a few more bullish signals before I commit to this one. My targets are listed on the chart. If this breaks down further we will be heading to the 1.52 / 1.53 heavy support line
EURGBP may have just given us a better entry price with this Gartley D leg retracing just under our entry point.
Its a long trade with targets at 0.318 and 0.618 for 2 individual trades, a potential 105 pips. Lets go!
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Gartley rules:-
I think we will see a beautiful bullish gartley soon, but it is better to have confirmation with double bottom or engulfing candle near entrance point to have more confidence about wining this trade. Enjoy and have a good trading guys.
Hi Freedom Traders,
I spotted a Bullish Gartley Pattern in the EUR-GBP.
Great risk-to-reward ratio :-)
Possible entry and exit levels are in the chart.
Happy Trading!
