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Roker1
Jul 13, 2018 7:51 AM

Short Gartley pattern on AUDNZD Short

Australian Dollar/New Zealand DollarFXCM

Description

Hi guys,

there are some instances where i trade directly at the D point of an harmonic pattern, and this is one of these cases. Reason why is that price has been rejected from a major resistance level and right afterwards it created this simple harmonic formations known as Gartley pattern. As of now, i'm looking to short the D completion point and set targets with the green lines and stop above X (red line).

If you have ideas/questions, feel free to comment beneath.
Otherwise, see you in the next chart!

Comment

The pattern is a Bat Pattern, not a Gartley (i've set up all the levels correctly but had written the wrong name):
Comments
darbyd1993
What a beauti... good job fella
scorpiousg
Just wanted to say kudos on the analysis. Played out beautifully.
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