Long on EURUSD Type 2 reversal trade on the Gartley Pattern
Updated
A week ago i went long on EURUSD -0.02% and TP1 was realized and the trade was closed at Take Profit 1 which is 38,2% of the CD leg of the Gartley Pattern .
Price retested the 1,1729 level and found resistance and due to this retest, a type 2 reversal trade opportunity came alive on this Gartley Pattern .
Our Take profit 1 is now 61.8% of the CD leg and my TP 2 is 1,2061 which is 161.8% of the 06/10/17 to 12/10/17 elliot wave 1-2 swing.
RR is 2:1 for TP 1
RR is 3,8:1 for TP2
Price retested the 1,1729 level and found resistance and due to this retest, a type 2 reversal trade opportunity came alive on this Gartley Pattern .
Our Take profit 1 is now 61.8% of the CD leg and my TP 2 is 1,2061 which is 161.8% of the 06/10/17 to 12/10/17 elliot wave 1-2 swing.
RR is 2:1 for TP 1
RR is 3,8:1 for TP2
Trade active
@ 1,17480
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