I see also a kind of strong trend line that may prevent the completion of the Gartley pattern.
評論
Manu76
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Manu76
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Update: I stopped my sell and took profit at 1.12 because it looks like eurusd is fighting back. I still see a lot of resistance up there. The market is testing the 0.618 and a reversal may be seen between the 0.618 and the 0.886. I think eurusd must close and hold above 1.1280 levels (at least on the 4h chart) to be able to go higher and get back into a bullish movement. If 1.1280 breaks clearly, I expect it to hit 1.1350 (resistance will be strong there). Euro zone is still unstable as we can see euro may just take profit of usd weakness to make new highs. Rejecting 1.1350 levels could also mean a return to 1.1050 levels. In this case it can almost completing the previous Gartley pattern.
Manu76
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Manu76
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I'm buying now for a very little trade. This one may bring a higher leg above 1.1370 levels. On the other side, RSI is already oversold. I expect a draw down after that. Let's see how it works once it hit 1.13 - 1.1350