barry_fxtrader

#AUDNZD harmonic - Bullish pattern

Long
FX:AUDNZD   Australian Dollar / New Zealand Dollar
This isn't a perfect gartley but as we all know, the markets don't always provide clear easy to recognise patterns. There is a great risk to reward profile for this trade and for my criteria it fits the bill for a long position. I am initially only going in at 1 standard lot but will look to add as and when price continues to the upside. If the pattern doesn't play out I have limited my downside.

There is additional confluence due to previous structure and simple morning star candlestick formation at the previous support level . Its all about money management from this point onward.

Happy trading

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