Since I believe the daily chart shows that the overall uptrend is still intact I am watching this pair for a long entry. Fortunately, there is a beautiful bullish Gartley harmonic pattern setting up on the 4-hour chart.
The 0.786 XA retracement and the AB=CD reciprocal give a nice tight potential reversal zone between 1.1773 and 1.1766.
I'm waiting for a completed 4-hour candle that tests this range. I'll be watching the 30 and 60 minute charts for price action suggesting support and a bullish reversal to find my entry.
Stop-loss: 1.1713
Target #1: 1.18406
Target #2: 1.18866
Possibility of extended bullish targets up in the expected resistance zone of 1.20 - 1.21.
Good luck all!
Trade safe. Trade smart.
The 0.786 XA retracement and the AB=CD reciprocal give a nice tight potential reversal zone between 1.1773 and 1.1766.
I'm waiting for a completed 4-hour candle that tests this range. I'll be watching the 30 and 60 minute charts for price action suggesting support and a bullish reversal to find my entry.
Stop-loss: 1.1713
Target #1: 1.18406
Target #2: 1.18866
Possibility of extended bullish targets up in the expected resistance zone of 1.20 - 1.21.
Good luck all!
Trade safe. Trade smart.