1) On daily we have a V pattern that was broken upward , the price reached the first target (resistence 1 ) .
2) The price pauses to form another pattern wich is a pennant ! if the price succeed to break above the pennant and the 1st resistence , it's more
likely to see a move to 2nd Target (resistance2) .
3) Wait for the price to break the pennant...
24/10/20 .. EURUSD .. 60 MIN CHART .. ANALYSIS :
*Another channel(red) is formed inside , the price has reached its support line and reversed
to go back up . Right now , we're seeing a retest of the middle line of that channel pattern .
Following the blue channel , we expect a reversal to the downside !
Bearish Gartley Pattern :
Precise the 61.8 B point retracement of the XA leg .
Precise 78.6 D point retracement of the XA leg .
1.27 or 1.618 BC projection .
Equivalent AB=CD .
C point retracement can vary between 38.2 and 88.6 .
Sell at D .
Hi traders , i hope you are all having a good trading week ;
I'm more interesting on AUD pairs this week and the next week , here is the AUDNZD analysis .
I usally don't talk too much about my Analysis to let you observe the chart and make your own decisions .
Have a great week folks and good luck .