WanchainLong
WANUSD formed a bullish gartley | Upto 94% expected
On 2 day chart priceline of Wanchain / US Dollar has formed a bullish gartley and entered in potential reversal zone.
I would suggest to use the PRZ area as stop loss coz the A to B leg is retrace almost upto 0.786 fibonacci and in case of breakdown the potential reversal zone the D leg can move between 1.27 to 1.618 Fibonacci to form a bullish butterfly.
I have set the targets using Fibonacci sequence:
Buy between: 0.35480404 to 0.28240287
Sell between: 0.41163390 to 0.54830756
Regards,
Atif Akbar (moon333)
I would suggest to use the PRZ area as stop loss coz the A to B leg is retrace almost upto 0.786 fibonacci and in case of breakdown the potential reversal zone the D leg can move between 1.27 to 1.618 Fibonacci to form a bullish butterfly.
I have set the targets using Fibonacci sequence:
Buy between: 0.35480404 to 0.28240287
Sell between: 0.41163390 to 0.54830756
Regards,
Atif Akbar (moon333)
Related publications
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.