EURUSD 240 gartley LONG idea
Updated
Analysis on EURUSD 240 forming a LONG gartley
Long after pullback into support level / area between 1.1110 and 1.1120. --> former resistance level and 0.764 - 0.886 XA fib retracement
ATR based stop below support level @ 1.1050
target 1: 1.1175 --> resistance / support area
target 2: 1.1228 --> gartley XA leg retracement
target 3: 1.1280 - 1.1300 --> see related idea - potentially forming a textbook short gartley pattern with point D/killzone @ 1.1300
Trade at own risk!
Long after pullback into support level / area between 1.1110 and 1.1120. --> former resistance level and 0.764 - 0.886 XA fib retracement
ATR based stop below support level @ 1.1050
target 1: 1.1175 --> resistance / support area
target 2: 1.1228 --> gartley XA leg retracement
target 3: 1.1280 - 1.1300 --> see related idea - potentially forming a textbook short gartley pattern with point D/killzone @ 1.1300
Trade at own risk!
Trade active
Note
adjusted targets with D @: 1.1085target 1 @ 1.1161 - 0.618 CD-retracement - target reached --> moving SL to 1.1112 (breakeven)
target 2 @ 1.1200 - full CD-retracement
(target 3 @ 1.1237 - 1.27 CD-fibo inversion + confluence with the full XA-retracement) --> careful with that as EURUSD is on the upper edge of a bearish channel
tradingview.com/chart/oZEF4xPJ/
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