EUR/ USD

Here on the Euro/ Dollar (EUR/ USD) we have a very nice Deep Gartley Pattern that is shaping up quite nicely. Now, I try to stick to Scott Carney's teaching to the best of my ability. In Scott Carney's 3rd Harmonic Trading book he describes the Deep Gartley that was not previously discussed in prior books and hardly discussed in his current webinars or videos. Basically it is the completion of the ABCD pattern. this pattern comes a few pips from hitting the 707 AB retracement which means that the 1.4 projection will be used. the 1.414 level is above the 786 XA retrace and the completion thereof is about the middle of the 786 and 886. THerefore, we use the Deep Gartley rules, and as it turns out the the CD 1.618 lines up PERFECTLY with the 886. XA retrace. so the Box is your PRZ wait for PA to touch the top AND bottom of the Box. when this happens THEN we begin to look for our reversal pattern or reversal formation!

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EURUSD