Euro recently tested and retested an order block near the 1.0800 level. Upon this rest it has began the formation of a larger bearish gartley pattern on the 4 hour chart with a potential reversal zone between 1.1250 and 1.1300 (the 1.27 retracement of the BC and .786 retracement of the XA legs respectively. Entries for a buy would take place 1.09, with target 1 at 1.1150 and target 2 at 1.1300. Stops below 1.0830.
For bearish entries upon the completion of the pattern formation. Entries would be at 1.1300 With stops above 1.1380 (the 1.618 retracement oc the BC leg as well as the .886 of the XA leg). Target 1 would be at 1.1100 and Target 2 at 1.0975.
(Chart isn't the cleanest right now, but I've been keeping my eye on a lot of things. My apologies)
For bearish entries upon the completion of the pattern formation. Entries would be at 1.1300 With stops above 1.1380 (the 1.618 retracement oc the BC leg as well as the .886 of the XA leg). Target 1 would be at 1.1100 and Target 2 at 1.0975.
(Chart isn't the cleanest right now, but I've been keeping my eye on a lot of things. My apologies)
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