GARTLEY PATTERN FINISH ON EURUSD 4H

14 juin 2016

An odd looking Gartley but a Gartley nonetheless is finishing on EURUSD 4H chart. A Bounce on the .786 XA leg would also begin the CD leg of yet a larger Bearish Gartley. Structure lows provide good argument for LONG entry along with an RSI entering oversold levels. C point coincides with .382 retracement of AD leg and is also previous structure high giving a good T1.

A Shout Out to Akil_Stokes for pointing out the long entry levels.

16 juin 2016

Transaction en cours

Trade is active.

16 juin 2016

Note

Price action is reaching the .886 retracement and RSI is deep in oversold. This should begin its turn around, might be a good point to add to position.

16 juin 2016

Trade fermée: cible de profit atteinte