H4
XAUUSD H4 25 April 2016Resistance in 1272.00.
Waiting for corrective finished, looking for entry sell in 38%-61% of fibo retracement.
In picture above, the sell in 38% of fibo in 1243.70, SL in 1272.00, TP1 1229.69 and TP2 1215.45.
The position is not good, risk/reward (R/R) of TP1 below 1.
For better entry with lower risk (R/R>1), breakdown the timeframe, H1 and M15 to entry sell.
EURUSD H4 POSSIBLE GARTLEY BEARISH PATTERN SETUPHi there All you Forex Traders!
We might see a possible Bearish Gartley Pattern setup here.
In the comments below I will share with a link to my You Tube video where I share with you how to trade the Gartley Pattern more Profitable.
Best Regards,
Errol Muller