EURUSD: bear signal
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29/02-2020
This time we are looking at a bear Gartley 886 completion with symmetry between London session closing prices on the 15 minute timeframe. This should trigger sell limit orders for swing trading.
Im going to try and place my entry point around 1.104-1.105 with initial stops around 1.106 or X and look for an extension target.
Our last trade on EU, all though we saw a decent decline hit target 1, I didn't find the trade very rewarding:
Here the rejection with 89 WMA as support and the triangle have a fibonacci time confluence. This should have been interpreted as a bull 5-0 reversal, not a bear shark continuation, and it would have been a very good trade with a steady advance in this market:
Anyway, its all about the next trade and learning from past mistakes right?
Good luck to all trading EUR/USD for the coming week
Happy trading folks
This time we are looking at a bear Gartley 886 completion with symmetry between London session closing prices on the 15 minute timeframe. This should trigger sell limit orders for swing trading.
Im going to try and place my entry point around 1.104-1.105 with initial stops around 1.106 or X and look for an extension target.
Our last trade on EU, all though we saw a decent decline hit target 1, I didn't find the trade very rewarding:
Here the rejection with 89 WMA as support and the triangle have a fibonacci time confluence. This should have been interpreted as a bull 5-0 reversal, not a bear shark continuation, and it would have been a very good trade with a steady advance in this market:
Anyway, its all about the next trade and learning from past mistakes right?
Good luck to all trading EUR/USD for the coming week
Happy trading folks
Nota
Got a nice fill here on the open:Nota
The Gartley failed, but could be headed for an extended pattern. I think we might see some resistance with the butterfly completion around 800Nota
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