Price has broken the previous monthly low and is now approaching for a retest. This also lines up in a similar area as the 38.2% fib retracement and the 40 EMA should be tested at this point too.. If we see rejection of this zone then it will open a good sell opportunity!
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Last week I went long with EURUSD, last hour it went down and touch my SL in losses and broke the 1.23 support and is starting to break the trendline as well. I'll wait for a break of the zone to enter short with a first TP in the next zone 1.22500.
EURUSD'S D1 & H4 ARE MT BEARISH BIAS TO ME. I HAVE A PENDING SHORT NEAR 1.0590 WITH A STOP@ 1.0670 AND TARGETING 1.0480 REGION.
HOWEVER, IF EURUSD COULD GO HIGHER THAN 1.0670 AND STAY, MY MT BEARISH BIAS WOULD BE NEGATED.
Hi there All you Forex Traders!
We might see a possible Bearish Gartley Pattern setup here.
In the comments below I will share with a link to my You Tube video where I share with you how to trade the Gartley Pattern more Profitable.