EURUSD - POTENTIAL GARTLEY @ 1.128....
EURUSD is evenly contested with no clear master...I am looking at the 0.786 retracement to short @ 1.28 which will complete a Gartley pattern which will put the dollar in control....there is a potential Gartley on DXY index @ 96.8 (see my DXY post) which I also have my eye on...I see this as the highest the dollar will go so I would close this Gartley short when DXY gets to 96.80.....
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correction 1.128
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ITs also as likely EURUSD will go down from its current position but I don't want to short here if the Gartley completes...!!!
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A closer look at EURUSD and you can see we are in a symettrical triangle channel, this short at 1.128 is not only a completed bearish Gartley which should send price to the opposite side of the symettrical triangle channel but it is also a retest of downtrend line...in the chart we can see 2 potential Gartleys on a longer timeframe, point D's on chart....its producing Gartleys all over the place
A closer look at EURUSD and you can see we are in a symettrical triangle channel, this short at 1.128 is not only a completed bearish Gartley which should send price to the opposite side of the symettrical triangle channel but it is also a retest of downtrend line...in the chart we can see 2 potential Gartleys on a longer timeframe, point D's on chart....its producing Gartleys all over the place
