AUDJPY Gartley and his brother Gartley
2 Gartley patterns will be our subject for this study.
Bullish Gartley is the 1st pattern and should be focused on.
XA,AB,BC have completed. CD is in play with a price point of 82.664 as its target.
What to watch for?? if BC retraces down to the AB .886 or 81.606 then our CD new target will be 82.849.
Bearish Gartley is the 2nd pattern.
XA has completed. AB requires XA retracement 618-.786 into the 81.882-81.709 range.
The next BC target cannot be defined until the have that AB measurement.
What to watch for is the Bullish potential BC retracement down to its AB .886. A Bearish XA leg having its .786 measurement exceeded makes the Bearish Gartley invalid.
Bullish Gartley is the 1st pattern and should be focused on.
XA,AB,BC have completed. CD is in play with a price point of 82.664 as its target.
What to watch for?? if BC retraces down to the AB .886 or 81.606 then our CD new target will be 82.849.
Bearish Gartley is the 2nd pattern.
XA has completed. AB requires XA retracement 618-.786 into the 81.882-81.709 range.
The next BC target cannot be defined until the have that AB measurement.
What to watch for is the Bullish potential BC retracement down to its AB .886. A Bearish XA leg having its .786 measurement exceeded makes the Bearish Gartley invalid.
Trade closed manually:
XA measurement has been exceeded
this study is now closed
this study is now closed