EURCHF, Gartley222, 78% retracement, bounce from Weekly 20EMA
Short opportunity in the form of a harmonic Gartley pattern or simply an AB=CD at the 78% retracement level.
This is with trend trade, the price at the moment is at the Weekly 20 EMA. Hope for a bounce from there.
The risk to reward illustrates the distance to the 161% extension. It's a long way to go so if you decide to run this as a runner target, you better stage out at some point and put the stop to breakeven. These targets are not easy to reach and are not high hit-rate aims, but are ones that can easily make half of your trading gains.
This is with trend trade, the price at the moment is at the Weekly 20 EMA. Hope for a bounce from there.
The risk to reward illustrates the distance to the 161% extension. It's a long way to go so if you decide to run this as a runner target, you better stage out at some point and put the stop to breakeven. These targets are not easy to reach and are not high hit-rate aims, but are ones that can easily make half of your trading gains.