EURGBP 4H potential bear Gartley & bull Butterfly pattern

25 ביוני 2018

EURGBP seems to be in an indecisive consolidation now. That means it's time to scout for some patterns, which, in this case, we have 2. We have a potential bearish Gartley pattern and a potential bullish Butterfly pattern. If market reaches a bit higher, the bearish Garltey pattern will complete and there'll be a selling opportunity. However, if market decides to drop down, there's going to be a potential bullish Butterfly pattern getting ready to be completed and have a buying opportunity. Both patterns complete at previous structure looking left.