GBPAUD 1H BEAR GARTLEY at X@2.05067 with Stops and Targets
1. If price reaches the completion of this GARTLEY pattern I will sell. There are three structure highs close to the completion point of the pattern.
2. Stops will be placed above the highest point which is also the A point of the potential BULL BAT pattern. When several highs are close together the highest point often gets tested.
3. Target 1 is slightly above the A point of the GARTLEY pattern.
4. Target 2 is slightly above the 1.618 XA extension. This area had acted as resistance and support in the past.
5. Both stops are moved to breakeven at the 0.618 CD retracement . Target 2 stops are trailed using the DNC indicator once moved to breakeven.
2. Stops will be placed above the highest point which is also the A point of the potential BULL BAT pattern. When several highs are close together the highest point often gets tested.
3. Target 1 is slightly above the A point of the GARTLEY pattern.
4. Target 2 is slightly above the 1.618 XA extension. This area had acted as resistance and support in the past.
5. Both stops are moved to breakeven at the 0.618 CD retracement . Target 2 stops are trailed using the DNC indicator once moved to breakeven.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.