This is the same gartley as we showed in previous analysis of USD/CHF. The nearest target this time is FIB50.0 of whole upswing because all other targets such as ABCD100.0 & abcd100.0 are beyond it.
Besides gartley, we have bearish grabber pattern. Yesterday's candle penetrated trend predictor (red line) but closed way below it, which makes it a bearish grabber. The grabber suggests at least taking out of recent low. Even if price falls to recent low, we'l have sufficient pips in hand to move SL to BE and still keep some room for upward retracement before reaching the FIB50.0.
Here is what we looked on H1 time-frame to enter sell position.
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