Short the breakout (+/-200 pips) / Long the Gartley // IF=THEN ®

FX:AUDNZD   Australian Dollar/New Zealand Dollar
460 0 11

With a sharped downward trend, the continuation of this movement is expected, eventually after a period of consolidation between resistance and previous support structure (blue zone) .

If the price stays above the breakout zone, support, we may eventually see the price rise to 61.8% zone and then to continue the movimento downward.

Wait for the right moment is perhaps the most difficult process, confirming the breakout to a more conservative and prudent entry.

Possible levels where the price can land are indicated on the chart as a percentage and pips, nothing more than previous structure levels where price has found support or resistance.

First Target is the D point from Gartley Pattern with expectations of an upward movement as a correction...

Bullish Gartley Pattern Objective:
Long at D

Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
TP1 38.2% AD
TP2 61.8% AD

Check previous published idea;
Daily Gartley Bullish Pattern // IF=THEN ®

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