EURGBP Daily potential bear Gartley pattern

18 giu 2018

The EURGBP is indicating a strong downtrend at the moment. If market keeps rallying just a little higher, there will a potential bearish gartley pattern setting up for a selling opportunity. Normally, harmonic patterns are used for counter trend trading, but in this case, it can be used as a trend continuation strategy. Plus, the Gartley pattern is completing at previous structure looking left, so it can also be seen as a structure trade.