AUDNOK potential bullish gartley
setup:
-elliot wave theory (corrective abc move after 5-wave impulse usually has support around the start of wave 4)
-stop loss fib confluence --> 0.382 of trading range and 0.13 extension off wave 4 to 5
-harmonic pattern
-fib confluence above target 1 --> t1
If the pattern is completed i will;
-look for entry at 6.36 given confirmation
-set stops below 6.32
-take profits at 6.42 or reduce position and roll stops to break-even and look for extended targets
--> if after entry pattern is invalidated then I will be looking to close on a pullback
disclaimer - trade at your own risk,
this is simply like my opinion, man.
-elliot wave theory (corrective abc move after 5-wave impulse usually has support around the start of wave 4)
-stop loss fib confluence --> 0.382 of trading range and 0.13 extension off wave 4 to 5
-harmonic pattern
-fib confluence above target 1 --> t1
If the pattern is completed i will;
-look for entry at 6.36 given confirmation
-set stops below 6.32
-take profits at 6.42 or reduce position and roll stops to break-even and look for extended targets
--> if after entry pattern is invalidated then I will be looking to close on a pullback
disclaimer - trade at your own risk,
this is simply like my opinion, man.
Comment:
change of plans;
