Quick MONTHLY Outlook
- On the largest timeframe for MT4, I have a solid "Bearish Gartley" pattern that affects price since September 2025. The 2nd retest happened in January 2026 and since then bulls have completely given up. Bears are trying to reach for classic TP1 (Fib. 38.2%). I marked ~1.1170 area as my TP1! (An AB=CD is often a natural result of a Gartley's last legs. The pattern we see is therefore really almost perfect.)
- Once/IF the attack for TP1 is completed successfully, bears might want to continue lower to TP2, BUT that is not a must. It is therefore best to just focus on TP1 for now!
- As a result, on H1 (and intraday wise), I am still bearish, especially while price is below 1.1358! My intraday (short-term) bias can change if I see weakness around this resistance area.
Trade safe!
Focus only on what truly matters!
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