glennmercer
Long

Long AUDCAD: Gartley + Shark at Channel Support

FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD             has completed bullish Gartley and bullish shark patterns at significant channel support. Two unhit daily pivots sit above price to add to bullish bias. Targets are placed at .382 and .618 retracements of CD.

Confluence in the PRZ:

Bullish Channel:

Note: ANZ Business Confidence released within an hour. I will not be entering AUD or NZD trades until news release.

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Trade active
Comment: I have a limit order to add to the position at the completion of this 15m bullish Gartley:
Trade closed: target reached: T1 achieved and full profit taken before NFP tomorrow, +92 Pips!
Nice CHart!
+1 Reply
glennmercer tntsunrise
Thanks TNT
Reply
agree!
+1 Reply
Hey,Teacher ;)

what do you think about this chart
Reply
Hi Hiisham - Long AUDCAD I agree with :D Some things to consider when counting Elliott Waves:
1) Wave 4 cannot overlap wave 1 (except in leading/ending diagonals and triangles)
2) A 5 wave motive structure is followed by a 3 wave correction. Maybe your 5 wave correction is leg A of a zig-zag?
Very nice trendlines, the bottom one may hold act as support for the long setup
Reply
Hiisham glennmercer
ooh,thank you
EW....Still learning and try to fin the impulse wave,I'll edit on my chart and try about the EW

thank you
Reply
Hey no problem we're all here to learn keep up the great work
Reply
Similar views, Best of luck
Reply
Yes I saw your post - nice setup
+1 Reply
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