08/02-2020: Gartley 886
Can you spot the Gartley??
This is a monthly chart of EURUSD
A huge decline is shown on the chart causing lower lows and lower highs forcing a downtrend in the market. We then see a Gartley pattern and we now anticipate a retest of previous highs which would then give us a chance to get on board the present trend.
The PRZ is highlighted as the cluster on the chart. Look to sell short from here.
1.36 most likely where we are heading while we may have to test the potential support sitting at 1.08143 as showed on the chart as 78.60%. Prices should not close below this level.
Expect at least a 25% advance in these prices and then a dip should be expected!
Im going to take some time off. This will be my last post in a while. Thank you guys for all the support and make sure to stay tuned for any updates.
Happy trading for the rest of you
This is a monthly chart of EURUSD
A huge decline is shown on the chart causing lower lows and lower highs forcing a downtrend in the market. We then see a Gartley pattern and we now anticipate a retest of previous highs which would then give us a chance to get on board the present trend.
The PRZ is highlighted as the cluster on the chart. Look to sell short from here.
1.36 most likely where we are heading while we may have to test the potential support sitting at 1.08143 as showed on the chart as 78.60%. Prices should not close below this level.
Expect at least a 25% advance in these prices and then a dip should be expected!
Im going to take some time off. This will be my last post in a while. Thank you guys for all the support and make sure to stay tuned for any updates.
Happy trading for the rest of you
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