Euro / U.S. DollarShort
EUR/USD - Two Potential Setups (Gartley and Deep Crab)
Updated
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.
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