Fib levels line up with s/r levels and might create a butterfly within the next 2 weeks. A retest of the 1.14 zone might push it down again and will deliver a good short opportunity imo.
Wish you a good trading week as we move into QE4 and cold days.
2 possible patterns in the making, while we in the correction of recent swing up.
The dark on is a Gartley from the second and big leg up.
Second, the Bat pattern taken from where it breaks structure and holds and then moves up.
Interestingly both completions end at recent swings 6.18 Fibonacci levels, while the Bat does this on a major structure level.
So we're looking at a possible Gartley pattern on the 24H time frame.
The completion is on a very strong structure level, which has been a support and resistance level since April multiple times .
The 1.11000 is there and tested before and almost tested the 1.11500, which if it did our Gartley wasn't valid anymore.
However, It didn't test the 1.11500 and went...
