Quick post ahead of market open, I'm looking at EUR/USD on the 1h chart with a bearish gartley and bearish deep crab pattern.
The first formation we will need to assess in real-time upon completion is the bearish gartley, we need to determine if the reversal will take place @ 1.17800 or 1.18415.
I will be focusing on the 15m and 4h chart to back up my analysis and optimise entries.
As always I will keep you posted on the patterns progress and if the trade is executed! I'm still short on EUR/JPY.
You guys know how it goes... Like, comment and share ;) have a good week!
The first formation we will need to assess in real-time upon completion is the bearish gartley, we need to determine if the reversal will take place @ 1.17800 or 1.18415.
I will be focusing on the 15m and 4h chart to back up my analysis and optimise entries.
As always I will keep you posted on the patterns progress and if the trade is executed! I'm still short on EUR/JPY.
You guys know how it goes... Like, comment and share ;) have a good week!
Note
Dropping down to the 15m chart it appears a bearish deep crab formation completed, price has now pushed beyond the extreme level to test 1.902.Paying attention to the smaller structures to determine a reversal at this level, otherwise my main focus will be the deep crab pattern on the 1h chart for a reversal @ 1.18415.
Note
Reversal upon completion of the gartley pattern.Pay attention to the 15m chart for entries at a higher price if not already in the trade.
R:R is not favourable at this level, we need to be patient.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.