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Eurusd4h

EURUSD Ideas I'm thinking of 1) I took a short postion to the 61.8 level as target. 2) If I got stopped at the 1.095* level I'd go long with a 60pips target which is around the next Resistance level just above the 1.618 level 3) If the first is a winner I'm gonna wait for a retest to see if the trend is going to continue or not. If not I'll go with plan no.(2) 4) If there is no retest and it goes downwards I'll wait for a breakout below the support level before entering short, targeting at the 1.072*
by D4nzer
EURUSD 240 The Devils Gartley?Greetings, On the chart you see two overlapping gartley patterns of which point D would be at 1.0666, a perfect number for a short. The chart counts two invisible pitchfork tools of which I have only left the intersecting trendlines at D. These pitchfork trendlines are the dotted blue and dotted purple lines. If requested I will post the chart with the pitchforks visible. The horizontal dashed line speaks for itself, it obviously plays the role of a solid support & resistance line. The grey line crossing B has touched the bottom of 2017-01-03 at 1.0340, price has been dancing around it as you can see. Then there is the last trendline, the orange one. I drew this one as last and found it had been respected several times in the full past year. As a first target you could pick the 61.8% fibonacci level of CD at which a flag was formed last friday, although you could take full profit as the risk - reward ratio is splendid. I would also like to note that if you draw a harmonic pattern from the highest point in this chart, which is 1.0828, and use 1.0666 as B it will show you a potential bat pattern. Thanks for stopping by and happy trading!
Short
by dinnersticks