EURUSD Gartley & Butterfly: Bounce after testing the lows?
After earning some Pips with the little bull cypher of my last post, her another possible chance:
Two Patterns, Butterfly (1.618) and Gartley may suggest that Euro could possibly make a bounce from the level 1.2860 if it gets there. But never forget to put stops, this thing is in a very bearish trend and even though its oversold it could drop few hundred pips within very short time. the trend is clearly down.
Patterns invalid as soon as we go above A
Two Patterns, Butterfly (1.618) and Gartley may suggest that Euro could possibly make a bounce from the level 1.2860 if it gets there. But never forget to put stops, this thing is in a very bearish trend and even though its oversold it could drop few hundred pips within very short time. the trend is clearly down.
Patterns invalid as soon as we go above A
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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.
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.