JoMarshall
Short

Bearish Gartley Pattern On AUDUSD

FX:AUDUSD   Australian Dollar / U.S. Dollar
Just a quick post!

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Is 0.7207 a good entry point ? Or is it wiser to wait till 0.7250 ?
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There's currently a bearish Bat that will terminate near 0.7250
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nl88 JoMarshall
Possible to enter now with a tight SL at 0.7250 ?
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I wouldn't advice that, i'd wait for the bearish Bat if i was you.
+1 Reply
nl88 JoMarshall


Just starting to learn about the patterns. Guess I got to start your signal class soon. Is this correct?
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Yeah that looks good, your D point should be at 0.7245 though.
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nl88 JoMarshall
Noted ! Thanks for the tip :)
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You're welcome!
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nl88 JoMarshall
So if we were to enter a new trade, it would be entering now.. SL 0.7260 TP 0.7160.

Is that how it works ?
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No your stop loss has to be at least 10-15 pips above X. & you should have 2 TP levels, one at 38.2 fib retracement of AD leg and the other at 61.8
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