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glennmercer

AUDNZD Long: Bullish Gartley

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
glennmercer Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Gartley AUDNZD glennmercer gmercerfx Harmonic Patterns Weekly Pivots Pivot Points confluence PRZ
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gartleypattern audnzd glennmercer gmercerfx harmonicpatterns weeklypivots pivotpoints confluence prz
Good Morning Traders! AUDNZD has completed a beautiful Gartley pattern on the 4H chart. The PRZ is tight, with confluence between AB=CD, .786XA and 1.13BC extension. The weekly pivot is precisely confluent with the .382CD retracement and provides a great target. It is smart to put stops beyond XA on these patterns. Happy Trading!
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Also note that on a larger TF, there is a Gartley PRZ of almost the exact same structure being retested:
AUDNZD Long Setup: Large Gartley Complete, Expanding Wedge
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