EURUSD: Potential Bullish Gartley on the Hourly

Potential Bullish Gartley pattern here on the EURUSD 1 hour chart completing at 1.1206. The recent consolidation on the Euro has been good for pattern traders allowing us to profit on the Gartley/Cypher from earlier in the week, hopefully this Gartley can deliver us the same. (tradeempowered.com/i...he-war-room-hangout/)

One thing about this particular pattern that you may want to keep an eye out for is the potential risk/reward. The safest place for a stop loss is going to be below the 1.1150’s level and because it’s not a deep “D” completion that may mean stretching your risk reward ratio past 1:1 if you want to be down there. That’s a personal decision obviously, but I do think it’s something to think about if taking this trade.

Akil Stokes
Chief Currency Analysis at Trade Empowered
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