Gartley Pattern, Gbp/ Aud, 30 min

This trade is to hedge for my previous Aud NZD trade. I believe that if this trade completes, then it is likely that the market will rally from point D to the 1.618 extension of the BC leg; Because the pattern has completed in the negative deviation of both the last 100 and 200 moves. Now in order for the market to remain bullish , it will have to cross back above the regression line of the last 200 moves. this could take as long as 7 hours, maybe as few as 3.

I have placed my entry at point B , my stop at point X and my limit at the 1.618 extension of the BC leg

Thanks for checking this out , please feel free to check out some other trades i have open right now , like and comment if you agree or disagree, and follow me if you want to see more in the future.

Thanks again , Good Trading !