TomHall
Long

AUD/CAD - Gartley Pattern

FX:AUDCAD   Australian Dollar/Canadian Dollar
1026 9 32
On the AUD/CAD             4h chart we have a potential long opportunity at the D leg completion of a Gartley Pattern .

The price reversal zone is between 0.9300 & 0.9245 which is a strong psychological whole number.
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Gartley Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed below X leg structure support .

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Good looking long opportunity
+1 Reply
TomHall TOP Akil_Stokes
Looking to see if price can respect the 0.9300 again.
Reply
I think this gartely will fail with price falling to 91
+1 Reply
alex.a 99nines
you mean CAD strengthening will be stronger than AUD strengthening?
Reply
It has currently respected the 0.9300 area but will have to wait and see.
Reply
Did u take the trade?
Reply
TomHall TOP korhancakir
I personally didn't.
Although it would be heading into profit there was a number of reasons why I didn't take this trade, sticking to my plan is always key.
Reply
pyramids_Forex korhancakir
I did :)
+1 Reply
TomHall TOP pyramids_Forex
Pip accumulator :-)
Reply
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