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in Paul's Musings - 12 Aug, 2012
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Medium term Bullish Gartley pattern forming on #EURUSD ?

Medium term analysis here but one to watch if the price works to this pattern.

EURUSD Emerging Bullish Gartley

EURUSD Emerging Bullish Gartley

So here is the 4 hour chart right now we can see price possibly turning at the 61.8 retracement.

EURUSD Emerging Bullish Gartley

EURUSD Emerging Bullish Gartley

If the price action here continues up then the pattern can be seen to be forming .

EURUSD Emerging Bullish Gartley

EURUSD Emerging Bullish Gartley

EURUSD Emerging Bullish Gartley

EURUSD Emerging Bullish Gartley

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.

EURUSD Emerging Bullish Gartley

EURUSD Emerging Bullish Gartley