domavila

AUSUSD 240 Min Bearish Gartley

Short
domavila Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
I have been waiting for this Gartley to complete for quite sometime and it finally has. The fibonacci levels on the AUDUSD pair are optimal and this is a beautiful Gartley!

This, with RSI in overbought territories, gives us a nice case to take out a short position.

Targets are shown on my chart.


domavila
Trade active:
It looks like we are having a nice Type 1 reaction here.

I will manage this trade aggressively in order to manage risk. My stop loss has been moved to break even and we now have a free trade and are playing with house money.
Trade closed: stop reached:
Trade active:
This trade has not been closed!! I fat fingered in the comment section. Please ignore
Comment:
I miss labeled the title and this is a bat. Sorry for the confusion.
Trade closed: target reached:
Target 1 hasbeen hit. I have closed 1/2 my position, raised my stop loss and will let the other half ride.
Trade active
Comment:

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