We expect to a have a retest of structure, then up to our previous resitance, and then hit our target :)
A Gtartley Pattern completion with a double bottom and now 2618 opportunity on the lower time frame. I wouldn't trade it was a gartley and attempt to use 2618 stops, but you can certainly look to protect profit or shoot for extended targets based off of the higher timeframe pattern including the potential bearish cypher that still exists
After a solid sell, buy volume has picked up but not more then 3-18 3Xday = last swing hi 271.5 lo 235.7
Currently the EURUSD is in consolidation however the is opportunity to take a 26- 18 short near the current resistance zone. as well as taking a cypher short @ 1.1465. If Price action fails to hold though the 26-18 setup Then bears can have the opportunity to take the Cypher . Good Trading Guys
As the battle continues between the bulls and the bears at the 1.5265 zone, A 26-18 bear setup is underway. As the market is in consolidation mode we could see the Pound retrace to the 0.618 level at 1.5253 where we can look to get short. Remember there is a massive structure resistance zone above at the 1.5265 zone. Good Trading Guys
Trendsupport, resistance area w/ breakout wall and extra lower support line.