Bearish Gartley on 60 Min on AUDCAD Short

Australian Dollar/Canadian DollarFXCM

Description

⋅ Jul 12, 2014 2:57 AM

Bearish Gartley with Entry: 1.0079, SL: 1.0140, TP: 1.0028 (38.2 Fibo)

Note: RSI Oversold and Divergence, and at previous resistance (27th June 2014) and previous support (23rd June 2014). I also ignore the high wick at 10th July 2014 because it was an impulse reaction on the news.