Dear traders, get ready for the long run.
As we see on the
EURUSD
4H chart we have a very nice long opportunity.
1. Look at the channel where price has tested the edges four times and the fifth point is going to be the entry level.
2. Green support zone @1.0992: We have three retest at this level, some noise as well at the "X" point of Gartley pattern, followed by the entry point at the fourth retest.
3. Bullish Gartley Patern: And of course we have a gartley pattern which is going to finish @1.0992, Fibs ext. of 1.272 with the confluence of structure zone..
Our SL is going to be below the structure zone and "X" point.
Our TP is going to be fibs 0.382-T1 and 0.618-T2
As we see on the
EURUSD
4H chart we have a very nice long opportunity. 1. Look at the channel where price has tested the edges four times and the fifth point is going to be the entry level.
2. Green support zone @1.0992: We have three retest at this level, some noise as well at the "X" point of Gartley pattern, followed by the entry point at the fourth retest.
3. Bullish Gartley Patern: And of course we have a gartley pattern which is going to finish @1.0992, Fibs ext. of 1.272 with the confluence of structure zone..
Our SL is going to be below the structure zone and "X" point.
Our TP is going to be fibs 0.382-T1 and 0.618-T2