On the AUD/USD 4h chart we have a potential short opportunity at the D leg completion of a Gartley Pattern.
The price reversal zone on this pair is between 0.7197 & 0.7223
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Price has now broken the trendline dating back to 12 October, which is something to be cognizant of on the approach to the D leg completion.
Potential targets for the Gartley Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance.
Website.
www.UKForexSignals.com
Learn To Trade The Gartley Pattern.
The price reversal zone on this pair is between 0.7197 & 0.7223
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Price has now broken the trendline dating back to 12 October, which is something to be cognizant of on the approach to the D leg completion.
Potential targets for the Gartley Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance.
Website.
www.UKForexSignals.com
Learn To Trade The Gartley Pattern.
