USDCHF Pending Sell Option
Hello Dear Traders.
Today we want to show you a Great Opportunity on USDCHF our Pending SELL Position .
Harmonic Pattern Gartley is a retracement pattern and is often said to form near market tops and bottoms in ideal conditions. The Gartley pattern comes in a Bullish Gartley and a Bearish Gartley pattern and is made up to 5 pivot or swings points.
The following chart gives an example of our Bearish Gartley pattern.
The first target was C point-zone , a second target was placed at B point-zone Major structure (strong resistance) the third target of the project at D point as PRZ (Price Reverse Zone).
A Potential Reversal Zone (PRZ) represents the critical areas where the flow of buying and selling is potentially changing. These harmonic zones attempt to identify the price levels where imbalanced overbought and oversold situations are reversing back to their respective equilibrium level.
An ideal reversal usually tests all of the price levels in the Potential Reversal Zone (PRZ) on the initial test. The predominant trend usually reverses from this initial test of the entire PRZ and continues in the reversal direction shortly thereafter. In an ideal reversal, the price bar that tests all of the fibonacci projections in the PRZ is called the Terminal Price Bar.
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