140 pips on bearish Gartley - Cypher next?
The Weekly Markets Analysis bearish Gartley setup reached both of its target this week (and beyond)
1.144 was a strong resistance zone over the week as the $EURUSD is trading within the 1.44 - 1.34 (1.3) range.
$EURUSD is now at strong support zone.
If the $EURUSD will hold the support, we can try to trade it back up to the 200 SMA line and later (if it will continue higher) to the top of its range.
If the $EURUSD will break down the support, then, check out and monitor the bullish Cypher pattern, mentioned in the WMA, completing near 1.12.
Have a great weekend
Press the like .. if you like :)
www.themarketzone.net
1.144 was a strong resistance zone over the week as the $EURUSD is trading within the 1.44 - 1.34 (1.3) range.
$EURUSD is now at strong support zone.
If the $EURUSD will hold the support, we can try to trade it back up to the 200 SMA line and later (if it will continue higher) to the top of its range.
If the $EURUSD will break down the support, then, check out and monitor the bullish Cypher pattern, mentioned in the WMA, completing near 1.12.
Have a great weekend
Press the like .. if you like :)
www.themarketzone.net