UPDATE #2: Stop loss has been hit, all positions are now closed.
UPDATE #1: Trade is ACTIVE now. Good Luck to everyone :)
Hello Traders,[/I]
Here we got 2 really good valid Gartley patterns at 127.2% Fib extension level on FX:AUDUSD. In addition to these patterns we also have harmonic move completing at the same 127.2% Fib extension level. Also note that we do have Fib ratio confluence between the 127.2% extension level and the 78.6% retracement level of X to A leg of the BLUE Gartley pattern. This also ties in with the 2618 trade setup that I posted early on this pair. I'll add the link to that chart under the related ideas section below.
I would like to point out that the BLUE Gartley pattern and the harmonic ABCD move are NOT my ideas. They are the ideas of my good friend, IaoN, he recently posted these two ideas on his page. Please do check it out and give him the thumbs up on his ideas. I never really noticed the BLUE Gartley pattern or the ABCD harmonic move until I saw IaoN's idea. So I take NO credit for the BLUE Gartley pattern and the harmonic ABCD move. The reason I added IaoN ideas on this chart, was to give everyone the whole picture. I hope IaoN you don't mind me including your ideas with mine and I apologize if you do.
Here's the link to IaoN's chart:
Please hit that thumbs button on his chart, he's a really good harmonic pattern trader.
Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)