Price Action Opportunity or Possible Gartley

26 Jan 2019

Looking on the 4 hour timeframe, we can see that this pair has been ranging for a bit now. On the hourly timeframe, we see price action has retraced back to our most recent resistance area , which is also a 61.8% retracement . If we get a move lower, I expect price to reach around the 0.94500 area. There is also a potential Gartley that may be something to look out for as there is also a possibility for price to react to our red zone at the 0.94730 level and head towards our Gartley's D completion point.