FX:AUDUSD   Australian Dollar / U.S. Dollar
A unified gartley has just completed. It is seen by rsi (5,70,30) and percent(0.5%) reversal algorithms. Oscillator wave confirmation algorithms are frequently used by Ellioticians and percent swing identification algorithm is commonly used by classic chart pattern traders.

If you have this pattern in your trade plan then...

sell in 0.7273-0.7320 zone. if the zone is crossed then the pattern didn't work. first target is 0.7236, second target is 0.7209. The targets are adjusted if price action goes deeper into the yellow zone(restretch the fibs to fit priceaction and find new 0.382 and 0.618 levels).
This pattern was found by the MPS-v5.5 pattern recognition software: https://mps-trade.com

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I think the large green bar cross the 0.786area... perhaps short it with bat pattern at 0.886 is better area.
@EatsMyLife, I think that the large expansion bars are warning signs and the trade should be cancelled
@DongRui, how many?
It seems we are not in the same position

+1 Reply
There is long term uptrend and its forming ascending triangle along with it. If the price makes side ways its likely to follow the long term trend. confirm before entering a position
@ai317838, 40 pips downside reaction that is shown on the chart doesn't affect any long term uptrends. do, what your trend plan says and don't add additional variables only because there's something long term.
+1 Reply
if you look closely on the 4H, since the 1st Nov till now - a pattern is emerging, it seems the bull had tested the 0.72740 and failed, just waiting for confirmation on the DOUBLE TOP for reversal. SL 0.72999 TP 0.7643. Please let me know what you think. thanks
@Andrew2601, I think you should backtest your formation and find it out if it is profitable or not. I, personally, don't have a clue of what you are talking about because I don't have your head - I have mine.
i am of the same opinion and i appreciate this. i am expecting similar also

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