The pair broke a significant dynamic resistance (16H/D/W). Resistance should become support.
A nice gartley pattern presents itself for a long opportunity:
The potential reversal zone (PRZ) of 18.6 pips is defined by:
- 127.2% extension of AB
- A bigger 61.8% retracement of AB=CD completion pattern.
Setup
entry: 0.86293
stoploss: 0.85860
target 1: 0.86756 (1:1.07)
target 2: 0.87042
target 3: 0.87835
A nice gartley pattern presents itself for a long opportunity:
The potential reversal zone (PRZ) of 18.6 pips is defined by:
- 127.2% extension of AB
- A bigger 61.8% retracement of AB=CD completion pattern.
Setup
entry: 0.86293
stoploss: 0.85860
target 1: 0.86756 (1:1.07)
target 2: 0.87042
target 3: 0.87835
Order cancelled:
Pattern has been invalided. Time to recalibrate..