TradersClassroom

Harmonic Bracketing on EURUSD

FX:EURUSD   Euro / Dollar AS
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The recent bit of consolidation has allowed some really good harmonic patterns to appear on this pair. Price is currently bracketed by three harmonic patterns. I would prefer to get short since it is with the trend and there are two patterns in the same are which creates a confluence of fib ratios. However, if you are a counter trend trader then the butterfly make look appealing to you. Remember to never take a trade that is not within your trading plan. Good luck!

Red = Butterfly
Green = Cypher
Blue = Gartley
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