Bullish Gartley pattern completion on EURUSD. Supported by a correction/retracement move on the lower bollinger band. 1st T/P on 38.2% Fib retracement & 61.8% Fib retracement.
Possible Pattern completion. Take profit at 0,86182 (fibo ret 61.8) and 0.8638 (fibo ret 31.8).
RSI bullish move supported by MACD crossover.
If this will be a trend continuation, then breakout will likely occur towards the downside. However, to confirm by increase in volume in the direction of the breakout.
RSI & Stochastic showing good Short opportunity.
What do you think Guys?
Take profit at fib level 61.8. Major S/R level.
Lookout the PA on the resistance level at Fib level 23.6
Possible formation of triangle / pennant pattern shape as long price does not break the lower trend line. Watch out for a steep breakout on the top side of the pattern. Happy trading!
Possible price retracement at C-D leg prior reaching D. Please confirm with RSI and stochostic. Thanks!
Waiting for the C-D leg formation for a bullish Gartley pattern.
C-D leg formation for a Bullish Gartley pattern
Price may bounce on the support line at 1.21337 several times before ideally break downwards.
Price will retrace a few times before hit the D point.
Feel free to comment
Waiting for completion of C-D leg for the pattern. S/L will be the support level at X leg. Happy trading
Looking to go long on this trade.