I have been building short positions since end of June/early July based on my original trade idea (which is still open) 
....However, I noticed a potential harmonic pattern on the weekly about 3 weeks ago and this strengthened my conviction to keep and add additional shorts when we consolidated around the 1.1800+ price zone.
Although I am a chart pattern trader, I'm not a traditional harmonic trader but certain price action stands out to me and this looks like one playing out.
If this does qualify as a Gartley in play, I noticed in past patterns that when the B - C leg is shallow, the price tends to exceed C and eventually A,...BUT when the B to C wave is lengthened, price tends to drop and stall half way of the pattern before continuing the ultimate trend (In this case Bullish).
I'm still looking for my original target zone of 1.1200 - 1.1100 and if we do trade there, I will be looking for long positions as I believe the DXY (U.S. Dollar) is going to get hammered in early 2026.
I'm not sure what the fundamental catalyst will be but looking at the long term charts, this seems like a strong possibility.
This will set up a nice 1000+ pip trade for the EUR/USD Bulls.
To avoid getting too ahead of myself, I'd be looking at the first hurdle right now which is 1.1500 and stay capped below 1.1750 - 1.1800.
....However, I noticed a potential harmonic pattern on the weekly about 3 weeks ago and this strengthened my conviction to keep and add additional shorts when we consolidated around the 1.1800+ price zone.
Although I am a chart pattern trader, I'm not a traditional harmonic trader but certain price action stands out to me and this looks like one playing out.
If this does qualify as a Gartley in play, I noticed in past patterns that when the B - C leg is shallow, the price tends to exceed C and eventually A,...BUT when the B to C wave is lengthened, price tends to drop and stall half way of the pattern before continuing the ultimate trend (In this case Bullish).
I'm still looking for my original target zone of 1.1200 - 1.1100 and if we do trade there, I will be looking for long positions as I believe the DXY (U.S. Dollar) is going to get hammered in early 2026.
I'm not sure what the fundamental catalyst will be but looking at the long term charts, this seems like a strong possibility.
This will set up a nice 1000+ pip trade for the EUR/USD Bulls.
To avoid getting too ahead of myself, I'd be looking at the first hurdle right now which is 1.1500 and stay capped below 1.1750 - 1.1800.
Trade fechado manualmente
Manually closed this trade after months in this short. 1.1500 would NOT break and the threat higher right now is there.
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.