Bearish Gartley pattern (4H) EUR/USD
Updated
The Gartley pattern is the most common harmonic chart pattern. Harmonic patterns operate on the premise that Fibonacci sequences can be used to build geometric structures, such as breakouts and retracements, in prices. The Fibonacci ratio is common in nature and has become a popular area of focus among technical analysts that use tools like Fibonacci retracements, extensions, fans, clusters, and time zones.
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looking to going short as the gartley pattern is showing, the TP 1 will be the 38% of the retracement AD , and TP 2 will be the 61% retracement AD , SL will be the X point.
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looking to going short as the gartley pattern is showing, the TP 1 will be the 38% of the retracement AD , and TP 2 will be the 61% retracement AD , SL will be the X point.
Trade closed: target reached
TP1 hit , now im looking to TP2.Trade closed: target reached
Hit TP2 deal is done
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