FX:AUDUSD   Australian Dollar/U.S. Dollar
1251 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.
Reply
Two More AUD Pairs with 2618
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snapshot
+1 Reply
TomHall TOP petermp25
Aussie pairs will be busy this week if all goes to plan.
Reply
Great TomHall I'm Also Waiting For Completion The Gartley :D
+1 Reply
TomHall TOP Houssine
Best of luck.
Reply
Houssine TomHall
Thank you Tom ;)
Reply
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?
Reply
TomHall TOP moneymaking
Hi,

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.
Reply
Hey Tom, that's alright. Good luck mate :)
Reply
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