FX:AUDUSD   Australian Dollar / U.S. Dollar
1252 9 33
AUD/USD             - 4h Chart - Gartley Pattern - 2618 Trade & Double Top

We potentially have a busy week ahead for AUD/USD             with many trade opportunity's along the way.

Double Top
If you trade structure support and resistance then this would be a very basic short entry at the double top with stops above the first top.

2618 Trade
If you are looking to trade the AUD/USD             a little more conservative, the 2618 trade would be the next step.
Trading the 2618 would mean waiting for the second support area and a break of the neckline.
Once price had broken the neckline you would be looking for a .618% retracement from the second top to the current price.
If all of the above criteria had been met you would look to get short with stops above the double top .

Gartley Pattern
If the price can break and close below the neckline / support i will be awaiting a D leg completion of the bullish Gartley Pattern.
As always with advanced             patterns target 1 would be placed at the .382% of the C-D move.
Target 2 will be placed at the .618% of the C-D move.
If we can get a Target 2 completion on the Gartley Pattern we could then look to get short as per the 2618 trade above as all criteria's would have been met.

Trade Safe.
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Trade Update:

After getting short at the Double Top of AUD/USD i accumulated +60 Pips.
As price broke and closed above the A leg, the Gartley Pattern is now invalid.
Two More AUD Pairs with 2618
+1 Reply
TomHall petermp25
Aussie pairs will be busy this week if all goes to plan.
Great TomHall I'm Also Waiting For Completion The Gartley :D
+1 Reply
TomHall Houssine
Best of luck.
Houssine TomHall
Thank you Tom ;)
Hey Tom, great setup mate. Just wanted to ask that, what is completion point ratio for the BC leg that you use according to your rules?
TomHall moneymaking

Sorry but i don't give out the ratios or fibonacci's i use for any patterns, these are reserved for my students only.

If you should need any other basic information e.g profit taking or stop loss shoot me a message.
Hey Tom, that's alright. Good luck mate :)
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