DOLLAR pattern setup
Updated
Hi traders,
On the Dollar Index chart there is a potential long opportunity at the D leg of bullish Gartley setup.
The price reversal zone is 97.30 and 96.60. The take profit level is at 0.382, and 0.618 retracement of the C to D move.
There is also a good opportunity to short from the C to the D leg on this one, as there is compelling candlestick weakness at completion of the C leg, enabling any trader with their own tested trading strategy to trade this move.
Best regards,
Tom_Killick
On the Dollar Index chart there is a potential long opportunity at the D leg of bullish Gartley setup.
The price reversal zone is 97.30 and 96.60. The take profit level is at 0.382, and 0.618 retracement of the C to D move.
There is also a good opportunity to short from the C to the D leg on this one, as there is compelling candlestick weakness at completion of the C leg, enabling any trader with their own tested trading strategy to trade this move.
Best regards,
Tom_Killick
Note
Expecting price to drop smoothly from the C to the D leg. At the D leg the bullish Gartley pattern will complete and you should be watching for a buy setup.
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