This is why I never listen to the crowd. Everywhere I looked during the past days theres been loud talk(screams) about shorting eurusd. A few short-term on lower time frames I can agree on, but overall I stuck to my plan which I executed 2 weeks ago.
My reasons for entry where:
Gartley formed previously with D ...
ECB press conference has brought a bit of action on the market and we are offered several opportunities on this pair in the form of 2 bullish Cyphers and a bearish Gartley.
Now let's wait and see what price will do !
Always be ready and ahead of the market !
(i) 1,2,and 3 gartley's X:D consistently 1.25 and squeeze is consisent with the C:Ds 6 bar config
(ii) Ichimoiku is in the cloud and testing the resistance side of a lower bound
I think its going to squeeze at the Ichimoku level of the kumo
AUDNZD Bullish Gartley 4H TF Waiting for CD Leg completion at the 1.03000 area to go Long. Stoploss at 1.02400 Target 1: 1.04368 Target 2: 1.05812 Trade safely. and always apply money management suitable for your account size. NB!! Open an account with a true ECN Broker to take advantage of spreads as low 0.01 ...
AUDUSD doesnt look like it can go up higher and shorting from here would be good to retest the bottom. If price does break the high, then it will complete the Gartley Pattern allowing a short at a higher price. Overall outlook is to short AUDUSD still.