Hello everyone!
Here we have potential Gartley pattern setting up. To clarify some things, first of all we need to take in consideration that B leg would be still valid even if it extends beyond 1.0908 level. but we have to make sure that we don't see candle close below 1.0749 mark-then it would invalidate this patter .So pretty much we have a space to breathe, however if the 1.0908 was the final B leg retracment, then we might be on our way up, in longer term targeting 1.1345-1.1450 area for potential C point completion. After that D leg is down at major support zone @ 1,0725, adding more for those looking to build a case for potential longer term buying opportunities.
Take care, and trade smart !
FX Twist
Here we have potential Gartley pattern setting up. To clarify some things, first of all we need to take in consideration that B leg would be still valid even if it extends beyond 1.0908 level. but we have to make sure that we don't see candle close below 1.0749 mark-then it would invalidate this patter .So pretty much we have a space to breathe, however if the 1.0908 was the final B leg retracment, then we might be on our way up, in longer term targeting 1.1345-1.1450 area for potential C point completion. After that D leg is down at major support zone @ 1,0725, adding more for those looking to build a case for potential longer term buying opportunities.
Take care, and trade smart !
FX Twist