- Completed Bearish Gartley pattern with the first take profit zone (the 38.2% retracement) around the previous structure trend line that was acting as resistance, also daily resistance (D1 - now support);
- 4h structure trend line broken and tested (check lower time frames);
- Daily Structure trend line broken but not tested yet; (the Gartley may give an hand on that... eventually)
- Bearish Bat pattern at 88.6% retracement, also a test to the previous structure trend line that was acting as support trend line;
BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD
GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD
Or Gartley already have take in place, and you are short to TP1 - 2?
Thanks!
Sorry for my BIG interest! I have a bad sell sitting in my account, I know it will come back, but not sure when. Thats why your analysis now helps me to compare!
Andre_Cardoso
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Hello! Thank you for your comments and interest.
I'm not trading this pair today, this is my view about what the market is forging, not what i'm trading. But you're right, Gartley moment already gone, eventually it will create a new bearish divergence and a second short chance but the bulls seems in control. Price as broken the daily and weekly previous structure (trend line), we also know, by default, and this is not guaranteed, when the price breaks a structure, it tend to come back to test it before a new impulse...
Eventually the market will give us the opportunity to take both harmonics, at least at the first take profit zone level, the 38% retracement ;) - eventually
1.Breakout with an impulse,
2.Correction (test previous structure), enter the trade after test it..., in this case, one bullish impulse with breakout... bearish correction, test... buy
OLIGARCH
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Hello.
Thanks.
Anyway Soon BAT will be completed an we will have a terrific short from TOP. I am ready for this short, as well I have confirmation that we will go down.
I would love to see it get up before FED news and then USD could skyrocket up :)
Thanks.
OLIGARCH
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But how actually we can know which scenario will eur usd complete? Short now from Gartley, or short from Bat?
Thanks!
OLIGARCH
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Trading Jazz, thanks for awesome idea! We can see that you know what you are doing :D..
Will look at what scenario takes in place! :)
Cheers!
Thanks!
Sorry for my BIG interest! I have a bad sell sitting in my account, I know it will come back, but not sure when. Thats why your analysis now helps me to compare!