We have almost a completion of a bearish gartley pattern on daily chart of Australlian dollar at 1,27% Fibonacci extension of AB leg of the formation.
If we take into consideration our view on Gold which is bearish and highly correlated with AUD we might seeing the completion of a bearish Gartley pattern and we won't have the oppurtinity to see the bearish bytterfly pattern as i stated in my previous article.
Nice price action with the wick at these levels right now.
If we exceed the resistance area shown at the chart then we propably have a bearish Butterfly pattern as showed in my previous article.
POSSIBLE SHORT TRADE:
FIRST TARGET T1 AT 0.7500
SECOND TARGET T2 AT 0.7450
BUY STOP AT 0,7580
THANK YOU FOR SUPPORT
HAPPY TRADING!
If we take into consideration our view on Gold which is bearish and highly correlated with AUD we might seeing the completion of a bearish Gartley pattern and we won't have the oppurtinity to see the bearish bytterfly pattern as i stated in my previous article.
Nice price action with the wick at these levels right now.
If we exceed the resistance area shown at the chart then we propably have a bearish Butterfly pattern as showed in my previous article.
POSSIBLE SHORT TRADE:
FIRST TARGET T1 AT 0.7500
SECOND TARGET T2 AT 0.7450
BUY STOP AT 0,7580
THANK YOU FOR SUPPORT
HAPPY TRADING!
Note
Nice wick showing selling pressure at these levels,you can wait a confirmation day or trade it more agressively at these levels.Trade active
Note
Already we have some pips i hope yoy enjoy..Happy trading..
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Nice move and happy profits guys!Note
Some more profits today i hope you joined me on this trade..Trade closed: target reached
Trade reached first target,buy stop was also reached after so this trade was zero loss trade...Happy trading guys!
Note
300 pips from this trade before breakeven..
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.