Emerging Gartley – EURUSD – Daily Timeframe


Click here to view chart.
A potential Gartley pattern is in the making.  The pattern would be considered complete if price reaches the PRZ.  The PRZ (potential reversal zone) is fairly tight – a confluence of 0.786 XA, 1.272 BC and AB=CD symmetry.
Although the pattern would be classified as a Bullish Gartley, one can trade the CD leg.  The trigger can be taken as a break of the BC trend line, which has already occurred.  One should set multiple intermediate price objectives if trading this i.e. not just shoot for point D.
Advertisements
This entry was posted in EURUSD, Forex, Gartley, Harmonic Pattern. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s