Nico.Muselle
Long

AUDJPY - potential Bullish Gartley & AB=CD

FX:AUDJPY   Australian Dollar/Japanese Yen
437 8 8
I shorted the CD-leg             of this Gartley based on the structure (double top) and it is slowly tracing down towards completion. Currently it is fighting against the structure of the B-point.

The Gartley completes around the 92.00 even handle ( BC             1.414 inverted extension, AB 1.272 extension and .886 XA retracement align nicely here).

However, there is also an AB=CD pattern that completes @ the 1.618 AB extension and which would retest previous lows. There are only 15 pips between the completion of both, so which one is it going to be ? I'll definitely put this on my watchlist.

Comments and findings always welcome, and if this completes and you enter a trade based upon it, may the pips be with you !
HiTech PRO
2 years ago
Quite similar for the downside target, i got it at 91.00
Reply
HiTech PRO
2 years ago
AUDJPY NEXT SWING DOWN
+1 Reply
Nico.Muselle MOD HiTech
2 years ago
91.00 would render my Gartley invalid, I would like to see it test and bounce of previous lows ... but who knows ? :)
Reply
HiTech PRO Nico.Muselle
2 years ago
true, ... i cheched quite a few aud pairs and it seems aud getting very weak, long, short term... who knows? :)
+1 Reply
Nico.Muselle MOD HiTech
2 years ago
Hope it does both of us a favor .... bounce at the completion of my pattern so I can make a few pips, then it can go down to yours ... How's that for a deal ? :D
Reply
rv
2 years ago
nice1. thanks
+1 Reply
Nico.Muselle MOD rv
2 years ago
Thanks for your comment. As you can see, price action barely touched the PRZ and then shot up to previous highs thanks to the Fed announcement :)
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Hopefully you made some $$$ this time Nico.
Crude and gold sudden boost helped this one.
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