The EURUSD is setting up nicely for a move targeting the Point D Convergence Zone in both the Daily Gartley and the 4-Hour Crab. Looking at the Daily Gartley, the Convergence Zone comes in right below the Tunnel between 1.3424 and 1.3456, with the Top Tunnel line at 1.3480. On the 4-Hour Crab Pattern, the Convergence Zone comes in between 1.3454 and 1.3470. Combining both patterns, we get a target range for Point D between 1.3424 and 1.3480. By looking at the smaller time frames (hourly and 15-minute) one can find a trade for a SELL, targeting the Convergence Zone. Once we see Point D in the Convergence Zone, we can then analyze this pair for a reversal trade. See Daily and 4-Hour charts below.

Daily Gartley Point D Convergence Zone
Daily Gartley Point D Convergence Zone
4-Hour CRAB Point D Convergence Zone
4-Hour CRAB Point D Convergence Zone

 


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