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1272 Fibonacci Extension

EUR/USD 30min Bearish Gartley patternThere is bearish Gartley setting up on the 30 min time frame for all of you pattern traders.(Completes at .786 around 1.1245 depending on how you trade patterns). Even if you don't trade patterns, there is a 1.272 extension and .886 fib confluence right into a double topping formation. Along with a one-to-one extension. On the 4 hour time frame we made a lower low/lower close. I'm looking to go short around 1.1252, stop above the swing high at 1.1270, and my target down to 1.1200 even. Price really rejected that 1.1200 area, so this could even be a potential buying opportunity. Good luck trading out there.
Short
by ChrisThein
Bearish divergence on USD/CADUsing bearish divergence to build a case for reversal trading on USD/CAD with the following favouring a potential short scenario: - resistance (3rd touch) at ~1.2800 - bearish high test close below resistance - price reaches and closes below 1.272 Fibonacci extension level - Stochastic and RSI bearish divergence entry - below low of high test stop loss - above high of high test (placement is discretionary) target - 20 or 50 ema, or previous horizontal level Caution for conservative traders: Fed Chair Janet Yellen testifies at 10:00 EST
Short
by amanpaulbhogal