Adding to previous post on the POTENTIAL bullish cypher.....see Related Ideas. This perfect Gartley lends more weight to a retrace happening NOW for a wave (ii) of (v).
Interesting idea, i am just curious about the chyper where will you put the SL? below the x leg or below the previous structure level ('A' leg on gartley), because the x leg is close to that level. and the support area on that level is stronger than the x leg (in my opinion).
Josphat89
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True! :)..overall long on the pair. All the best
Josphat89
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Hello..i agree with this one here. The gartley and the anticipated cypher show a movement to the downside.
EverythingForex
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Yep. Let's go make some pips! But just keep in mind that this is only a retracement. The real prize is the big bat and the coming wave (iii) up.