KVE
Long

AUD/NZD: Gartley to re-test highs?

FX:AUDNZD   Australian Dollar/New Zealand Dollar
86 1 4
a year ago
This Gartley could send us up re-testing highs or possible to new higher highs.

Ratio confluence gives us a tight PRZ:
- 1.272 ext. of AB
- 1.414 ext. of BC             suggested by a C retraced to 0.705
- 0.786 ret. of XA

SL tightly below X but imo below 1.618 would also be OK if the Gartley does what it's supposed to do.

3 targets:
- TP1: 0.618 ret. of CD
- TP2: 127.2 ext. of CD
- TP3: end of AB=CD pattern: 1.618 ext. of BC             suggested by the possible 0.786 ret; of AB if the Gartley works out

Additional shorts trades on chart from a possible completion of the AB=CD pattern .
a year ago
Comment: Gartley filled!
a year ago
Comment: Tug-of-war at the PRZ... Let's hope the bulls win this one!
a year ago
Comment: Added a long at 1.0825, SL at 1.0790.
a year ago
Comment: Taking profits now (TP1) since we went down lower. SL remains for now.

Related Ideas

KVE PRO
a year ago
Longterm suggest up, long-term trade going good:
AUD/NZD: Longterm weekly setup
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