EUR recent spike up has failed to break and close above the previous high level at 1.20700. in doing so has put in a Valid Bearish Gartley Pattern. it has surpassed the traditional D leg completion level (was holding a long position hence why I did not take the trade at that level)
I am treating this as a reversal trade due to the euro testing a higher time frame structure level and failing to break and close above the 1.20700 level.
Taking 2 Traditional targets
Target 1 1.19786
Target 2 1.19262
I am treating this as a reversal trade due to the euro testing a higher time frame structure level and failing to break and close above the 1.20700 level.
Taking 2 Traditional targets
Target 1 1.19786
Target 2 1.19262
Trade active
Target 1 achieved stops rolled past break even
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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.