Notice this is on 30 minutes chart.
There's an opportunity to buy on EURUSD. On this analysis, Gartly pattern may be formed at that support and enter the trade at point D when we have confirmation such as candlestick pattern. I'd place SL on the red line and TP on the other 2 resistance which are the green lines. I'd look for the first resistance as a target and also we have a AB=CD pattern (not the ideal, but presents harmonic retracemente and projection).
Anyways, I'd recommend to wait for confirmation.
Do you have any other ideas? Let me know on the comments.
There's an opportunity to buy on EURUSD. On this analysis, Gartly pattern may be formed at that support and enter the trade at point D when we have confirmation such as candlestick pattern. I'd place SL on the red line and TP on the other 2 resistance which are the green lines. I'd look for the first resistance as a target and also we have a AB=CD pattern (not the ideal, but presents harmonic retracemente and projection).
Anyways, I'd recommend to wait for confirmation.
Do you have any other ideas? Let me know on the comments.
Trade active
Everything is looking good so far. I recommend moving SL to entry point.
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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.