JohnSnowFX
Short

UA - Gartley in a Triangle, let´s see if it can be break it

FX:AUDUSD   Australian Dollar / U.S. Dollar
AU us now bouncing from a selling area, it has a nice Gartley within a Ascending triangle if the down pattern continues its a good opportunity for a short, there are 2 frontiers to be broken:
  • The ascending support line and
    the selling zone existing since July 21 Based on your risk aversion you can take it in 3 points:
    - when the down trend continuation were confirmed (High Risk)
    - When the uptrend support were broken (Mid Risk)
    - When a candle (Hourly or 4 hours) close outside of the selling zone (Low Risk)
AU still respecting the trend line, so this Setup did not triggered, Yet, I will exect to break soon
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