thegannreport

3 Level Drop w/ stop hunt

OANDA:FR40EUR   France 40
Ok, here we see 3 levels of drop with a stop hunt, we see a connecting parallel with one of the gann fan lines, marking a possible reversal, my recommendation here is to go long with the a stop below the previous low, please note: do expect a double bottom, it may pay off to wait and see if it does print and enter when the double bottom high is broken, ie making new highs, targets a marked as per TP1 & TP2 in consolidation areas or 'fair price' zones.

GL
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