Potential Gartley harmonic pattern on EURGBP (H4 chart)
My confirmations:
1. 78.6 fibonacci D-point
2. Confluence with past resistance zone (highlighted wicks)
3. Quarter point 0.86750 lies within this zone
Potential trade details:
ENTRY @ 0.86700
SL @ 0.87000
TP 1 @ 0.86000
TP 2 @ 0.85500
TP 3 @ 0.85000
Going to wait to see the reaction in this zone. Particularly looking for exhaustion and an engulfing candle to suggest bearish movement.
My confirmations:
1. 78.6 fibonacci D-point
2. Confluence with past resistance zone (highlighted wicks)
3. Quarter point 0.86750 lies within this zone
Potential trade details:
ENTRY @ 0.86700
SL @ 0.87000
TP 1 @ 0.86000
TP 2 @ 0.85500
TP 3 @ 0.85000
Going to wait to see the reaction in this zone. Particularly looking for exhaustion and an engulfing candle to suggest bearish movement.
Komen:
I could also see a short at the 0.86500 Quarter Point price is currently near. A lot of resistance there as well