FxCanli
Long

AUDCAD / 1HR / POTENTIAL GARTLEY PATTERN

FX:AUDCAD   Australian Dollar/Canadian Dollar
10 months ago
Here is a Gartley Pattern @AUDCAD

Gartley PATTERN

PAIR: @AUDCAD

TIME-FRAME: 1HR

TRADE: GARTLEY PATTERN

Waiting for a Long opportunity on the
@AUDCAD 1 Hour time frame.

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Gartley PATTERN ;

Once you identify your anchor leg draw your fib retracement from your X leg to your A leg.
Your B leg should touch the .618 retracement but should not close below the .786.
Now that you have your B leg draw a fib retracment from A to B.
Your C leg should touch the 0.618 but should not close above the A.
Finally draw a fib extension from A to B and back in.
Your D leg should come in at the 1.272.
For the Gartlye Pattern, draw your targets from A to D.
Your targets should be at the .382 and the .618.
At here I put my stops at least 1:1 with first target.
Also, once you hit target 1, roll your stops to break even.
Once you do that you are in a risk free trade. That's all there is to it.


DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques,
you should do your own due diligence and not take this information as a trade signal.
10 months ago
Comment: Trade Cancelled. C leg changed
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