Expecting in a drop in the Euro across the board this week, just going through the process of picking the best set ups.
As per usual, I may not take this trade depending on the candlesticks but I will keep an eye on the progression as price approaches the PRZ. This bearish Gartley (on the 1 hour chart) comes as price recently reached its highest level since 2015. This pair dropped rapidly in one day and has steadily retraced ever since. The weekly chart is now showing as overbought and I believe we should see some consolidation as the retirement begins to level out.
Gartley ratios:
X:B = 61.8%
A:C = 38.2%:88.6%
B:D = 127.2%:161.8%
X:D = 78.6%
As per usual, I may not take this trade depending on the candlesticks but I will keep an eye on the progression as price approaches the PRZ. This bearish Gartley (on the 1 hour chart) comes as price recently reached its highest level since 2015. This pair dropped rapidly in one day and has steadily retraced ever since. The weekly chart is now showing as overbought and I believe we should see some consolidation as the retirement begins to level out.
Gartley ratios:
X:B = 61.8%
A:C = 38.2%:88.6%
B:D = 127.2%:161.8%
X:D = 78.6%
