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pauljaime

AUDUSD M15 - Potential Bullish Gartley Pattern

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
pauljaime Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Harmonic Patterns
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harmonicpatterns
A potential bullish Gartley pattern is forming on the M15 AUDUSD chart. I anticipate CD leg consolidating on the potential reversal zone between 0.78428 and 0.77382. If price action consolidates in this area, we could see an bullish reversal. This is a M15 chart and it may move fast - I will monitor it this evening and look for volatility on the Asia session to decide if there are good opportunities to enter.

As always, I value and highly appreciate your comments.

-Paul
Comment:
Australian September NAB Business Confidence and conditions came in with good numbers. This news has all but invalidated the working Gartley pattern. Technically, BC is still valid, but I usually step away and look for better opportunities.
-Paul
Comment:
Pattern turned invalid on 10/09
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