EUR recent spike up has failed to break and close above the previous high level at 1.20700. in doing so has put in a Valid Bearish Gartley Pattern. it has surpassed the traditional D leg completion level (was holding a long position hence why I did not take the trade at that level)
I am treating this as a reversal trade due to the euro testing a higher time frame structure level and failing to break and close above the 1.20700 level.
Taking 2 Traditional targets
Target 1 1.19786
Target 2 1.19262
I am treating this as a reversal trade due to the euro testing a higher time frame structure level and failing to break and close above the 1.20700 level.
Taking 2 Traditional targets
Target 1 1.19786
Target 2 1.19262
Trade active:
Target 1 achieved stops rolled past break even