Felix_Hoevelborn
Short

THE WEEK AHEAD: TREND CONTINUATION VIA BEARISH GARTLEY ON AUDUSD

FX:AUDUSD   Australian Dollar/U.S. Dollar
We previously had a first signal that the short-term bullish moves (remember: we are heavily bearish on the daily time frame) could come to an end.

The arrow shows the close below the previous low. We therefore looking for a shorting opportunity on this pair which lines up in form of a bearish gartley pattern.
Beside the standard target 1 (38,2% oft C-D leg) I will trail half of the position to the lowest close at point C.

Stops have to go above X, according to your personal rules of engagement.

Have a great week of trading.

Felix
Update:
SHORT AT MARKET: DOUBLE TOP CONF. ON BEARISH GARTLEY AUDUSD
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