Watch out for this butterfly pattern forming.
Could be a bearish gartley forming on the Eur/Usd hourly chart. Looking for price action to come up to the 1.35961 area and then keep heading down.
If price action breaks the 1.35217, then it could go lower to the next major support level which is 1.34073. But if price action stays above the 1.35217, then it could retrace back up to the the line coming down, either way, it's in a bearish trend. Publish Idea CHART TITLE* MARKET DIRECTION PREDICTION SHORT LONG NEUTRAL DESCRIPTION*
I make sure to know where I am taking profits and where I am getting out if the market should turn against me.
Could be a bearish gartley setting up, I just don't like that there's really no structure at D, it makes me uneasy, well We'll see if it retraces at D
Whichever direction it breaks out, I want to see a retracement before even thinking about entering
Waiting for some type of move for me to even consider
I think the E/U will retrace to .618 before going back up to previous resistance
I think I see a an ABCD pattern forming, let me know what you all think