Emerging Gartley – EURUSD – Daily Timeframe

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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.
This entry was posted in EURUSD, Forex, Gartley, Harmonic Pattern. Bookmark the permalink.

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