Good potential opportunity to short this pair.
Entry at traditional 1.27 fib extenseion of A to B offers a better risk reward ration than the traditional 786 retracement of X to A.
Traditional gartley traders will look for 1 or 2 targets @382 and/or 618 retracement of A to D move. Extended targets could be taken at the bottom of the broken wedge (on the daily) around the 0,6900 level (even number that might present us with some interesting price action)
Entry at traditional 1.27 fib extenseion of A to B offers a better risk reward ration than the traditional 786 retracement of X to A.
Traditional gartley traders will look for 1 or 2 targets @382 and/or 618 retracement of A to D move. Extended targets could be taken at the bottom of the broken wedge (on the daily) around the 0,6900 level (even number that might present us with some interesting price action)
Note
Pattern is now invalid
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.