Long EURUSD: 1H Bat Complete in 4H Gartley PRZ

EURUSD has completed a bullish bat pattern inside of the PRZ of a larger TF bullish Garltey. Moving into the bat PRZ, RSI and MACD have printed bullish divergence. To add to the bullish bias, an unhit pivot cluster sits above price and coincides with .382 retracement of the Gartley CD leg. Targets are placed at .382 and .618 retracements of CD. SL is placed below Gartley point X and outside of the PRZ of a potential bullish crab pattern.

Confluence in the PRZ:

• Bullish Gartley pattern completion
  
• 1.272BC (Gartley)
  
• AB=CD pattern completion (Gartley)
  
• Bullish bat pattern completion
  
• 2BC (bat)
  
• 1.618AB=CD (bat)
  
• Unhit weekly pivot above price
  
• Unhit monthly pivot above price
  
• Bullish RSI divergence
  
• Bullish MACD divergence
  

Bình luận:

4H Gartley:

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SL reached, pair re-analyzed: