Following up from my previous successful bullish gartley for EUR/USD, we've now got another bullish gartley but this time on the 30m chart.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
As you can see the PRZ forms on a critical level of support, this is an ideal area for a reversal to take place.
You can check out my previous EUR/USD idea here.
I'll re-analyse upon completion, this setup provides a 1:2 risk to reward.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
As you can see the PRZ forms on a critical level of support, this is an ideal area for a reversal to take place.
You can check out my previous EUR/USD idea here.
I'll re-analyse upon completion, this setup provides a 1:2 risk to reward.
Note
After reflection on the setup, this setup seems far more reliable... Again, I need to do more analysis before entering.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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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.
📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
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.