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Paul's Musings
- 12 Aug, 2012
Medium term Bullish Gartley pattern forming on #EURUSD ?
Medium term analysis here but one to watch if the price works to this pattern.
So here is the 4 hour chart right now we can see price possibly turning at the 61.8 retracement.
If the price action here continues up then the pattern can be seen to be forming .
C point of the pattern must be below the top red line on chart , if the price then drops back to the D point we will have the pattern complete at around 1.22 to go long.
An extra confirmation here will also be an AB=CD within the pattern, the closer we are to this the better.