Akil_Stokes
Long

AUDCAD: Gartley Into The New Trend

FX:AUDCAD   Australian Dollar/Canadian Dollar
This pair has just put in New Structure Highs ( NSH             ) on the higher time frames which immediately has be thinking bullish , bullish . bullish until we hit our next resistance level or until some crazy Aussie news comes out and ruins my analysis. For you guys that consistently follow some of the Aussie crosses, you know exactly what I'm talking about. Fortunately it looks as if the plate is pretty bare this week so we may not get any surprises.

Back to the HHHC and NSH             , because I'm thinking trend continuation, I'm first looking for a pullback and in this scenerio, a pulback may give us a bullish gartley pattern coming right into previous structure. I'm an advanced pattern trader so I have to take the Gartley pattern regardless of the trend, but this situation opens the door for a potential continuation which means the possibility to get more out of my second position.

We shall see.

If you're a newer trader and you like this kind of analysis then make sure you sign up for my FREE Trading Workshop. Out of respect for tradingview I don't want to post the link here but if you check out my blog of Facebook             page (Akil Stokes, Trader) I'll have it up.

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fx1
2 years ago
Is the trade still valid & the point C remains same ?
Reply
Akil_Stokes TOP fx1
2 years ago
yes it's valid, different C leg though
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