On 2 day chart priceline of Wanchain / US Dollar has formed a bullish gartley and entered in potential reversal zone.
I would suggest to use the PRZ area as stop loss coz the A to B leg is retrace almost upto 0.786 fibonacci and in case of breakdown the potential reversal zone the D leg can move between 1.27 to 1.618 Fibonacci to form a bullish butterfly.
I have set the targets using Fibonacci sequence:
Buy between: 0.35480404 to 0.28240287
Sell between: 0.41163390 to 0.54830756
Regards,
Atif Akbar (moon333)
I would suggest to use the PRZ area as stop loss coz the A to B leg is retrace almost upto 0.786 fibonacci and in case of breakdown the potential reversal zone the D leg can move between 1.27 to 1.618 Fibonacci to form a bullish butterfly.
I have set the targets using Fibonacci sequence:
Buy between: 0.35480404 to 0.28240287
Sell between: 0.41163390 to 0.54830756
Regards,
Atif Akbar (moon333)
