EURUSD: Bullish Gartley and Double Bottom on the Monthly
I feel like this Gartley could extend further down towards the 88.6 Retracement as that would be closer to the 1.618 Extension of this Gartley but it seems like it could be just as valid for it to reverse here at the 0.786/1.414 Confluence Zone so I will opt to try my luck and take an entry here and if it goes lower near the 886/1.618 Confluence area later i will try again later at those levels which is why i will opt to maintain a tighter stop than usual on this particular entry so that it could make more sense to try again if we ever hit those lower levels at the lower Confluence area.
We are also nearing the Bearish Target of a Previous Macro Setup i posted on the Monthly last Year in August that can be seen here:
We are also nearing the Bearish Target of a Previous Macro Setup i posted on the Monthly last Year in August that can be seen here:
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