Euro / U.S. Dollar
Short

Bearish Gartley Pattern, 4-hr., EUR/USD

549
Bearish Gartley pattern has formed on the 4-hr., EUR/USD chart. The D point is currently around the 78.6% retracement of XA. This is what I have been waiting for. A nice sell pattern in an established downtrend. Profit Targets are at the 38.2%, 50.0%, and 61.8% Fibonacci Retracements of AD ( 1.1366, 1.1315, and 1.1263 respectively). Happy Trading!

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.