EURUSD is evenly contested with no clear master...I am looking at the 0.786 retracement to short @ 1.28 which will complete a Gartley pattern which will put the dollar in control....there is a potential Gartley on DXY index @ 96.8 (see my DXY post) which I also have my eye on...I see this as the highest the dollar will go so I would close this Gartley short when DXY gets to 96.80.....
Note
correction 1.128Note
ITs also as likely EURUSD will go down from its current position but I don't want to short here if the Gartley completes...!!!Note
A closer look at EURUSD and you can see we are in a symettrical triangle channel, this short at 1.128 is not only a completed bearish Gartley which should send price to the opposite side of the symettrical triangle channel but it is also a retest of downtrend line...in the chart we can see 2 potential Gartleys on a longer timeframe, point D's on chart....its producing Gartleys all over the place
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.
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.