EUR/USD - Two Potential Setups (Gartley and Deep Crab)

8 Jul 2018

Quick post ahead of market open, I'm looking at EUR/USD on the 1h chart with a bearish gartley and bearish deep crab pattern.

The first formation we will need to assess in real-time upon completion is the bearish gartley, we need to determine if the reversal will take place @ 1.17800 or 1.18415.

I will be focusing on the 15m and 4h chart to back up my analysis and optimise entries.

As always I will keep you posted on the patterns progress and if the trade is executed! I'm still short on EUR/JPY.

You guys know how it goes... Like, comment and share ;) have a good week!

9 Jul 2018

Catatan

Dropping down to the 15m chart it appears a bearish deep crab formation completed, price has now pushed beyond the extreme level to test 1.902.



Paying attention to the smaller structures to determine a reversal at this level, otherwise my main focus will be the deep crab pattern on the 1h chart for a reversal @ 1.18415.

9 Jul 2018

Catatan

Reversal upon completion of the gartley pattern.



Pay attention to the 15m chart for entries at a higher price if not already in the trade.

R:R is not favourable at this level, we need to be patient.