Breakout from structure + Gartley pattern

16 mars 2016

There is a nice setup which is worth taking, There was an obvious break of the up trend line and price action is now retesting that broken line with clear bearish signs.

For the advanced pattern traders, there was a bearish Gartley pattern that was filled at that point.

Entry info on the chart. Good luck!

16 mars 2016

Transaction en cours

Entered short @0.7865

16 mars 2016

Note

Here some target alternatives for the advanced pattern traders, the one on the chart above is for breakout traders:

18 mars 2016

Note

Target 1 for the advanced pattern traders (Fib 38.2 of AD leg) reached. Moving SL to BE, or any other Trade Management tool you are using... :) There is plenty of room for more downside, I'll personally will wait to reach Target 2 (Fib 68.2) and then will wait a corrective move and then will sell it again all down til the Target 3. :)