UPDATE --- EUR/USD Breaks down after Bearish Gartley Pattern AND several Bearish candlestick patterns

EUR/USD is currently testing the 61.8% Fibonacci Retracement of the move up from point A to D.  The 61.8% level is around 1.1236.  See Chart.

EUR/USD - 4-hr. Chart : Bearish Gartley with Fibonacci Profit Targets

EUR/USD forms Bearish Gartley pattern on 4-hr. Chart

A Bearish Gartley pattern has formed on the 4-hr. chart of the EUR/USD.  Also, an Evening Star candlestick pattern completed on Tuesday, 04/092019.  These are pointing to a higher probability of the EUR/USD going down and testing the 1.1200 area over the next few days.  Remember, control your risks.  Trade with a happy attitude.  When in doubt, GET OUT!  You can trade again tomorrow.

: )

EUR/USD - Bearish Gartley pattern on Daily chart

EUR/USD - Bearish Gartley pattern

EUR/USD - Bearish Gartley: Fibonacci Profit Targets

Bearish Butterfly Pattern - Example

This is an example of a Bearish Butterfly Pattern.  I have placed the information on the chart for the XABCD points so you can perform your own calculations.  I always print my charts and do much of the analysis by hand. See My Trading Toolbox to see how I trade.  I do use the computer to draw Fibonacci Retracement Levels and Extensions.  However, when you are first beginning to trade, it is better for you to do the hand calculations.  You will thank me later. : )

Happy Trading!

Bearish Butterfly - Example