There's some really nice structure on the AUDNZD 60 minute chart and we've been making higher highs and higher lows. Breaking through our most recent piece of structure has formed a Bullish Gartley pattern that looks promising; the AB leg is slightly over a .382 retracement which is usually indicative of trend continuation.
If this pattern does play nice we'll continue on with a higher low, and hopefully we'll see another higher high.
(excuse my typo in the chart!)
BUY @ 1.0377
SELL @ 1.0339 (SL)
SELL @ 1.0328 (TP)
If you're real careful about it, you might want to let this one fly high and manage it by hand rather than setting a profit target; if I'm still awake when that happens that's probably what I'll be doing.
I set a shallow stop because if we surpass X I'm looking to get long again at the 1.272 extension to try to grab a butterlfy with a stop below that lowest piece of structure.
If this pattern does play nice we'll continue on with a higher low, and hopefully we'll see another higher high.
(excuse my typo in the chart!)
BUY @ 1.0377
SELL @ 1.0339 (SL)
SELL @ 1.0328 (TP)
If you're real careful about it, you might want to let this one fly high and manage it by hand rather than setting a profit target; if I'm still awake when that happens that's probably what I'll be doing.
I set a shallow stop because if we surpass X I'm looking to get long again at the 1.272 extension to try to grab a butterlfy with a stop below that lowest piece of structure.
