There is a potential Gartley Pattern setting up on the AUDUSD pair completing at 0.7589. Though it appears to be a counter-trend trade, the pattern completes around an area of previous resistance,meaning we have some structure looking left.
There is also an AB=CD move terminating at the completion point of the advanced pattern.
Conventional Target 1 and Target 2 are at 0.7560 and 0.7542 respectively.
There is also an AB=CD move terminating at the completion point of the advanced pattern.
Conventional Target 1 and Target 2 are at 0.7560 and 0.7542 respectively.
Trade active:
Looks like the resistance level is holding. Lets see if price can atleast get to target 1 so i can move stops to breakeven and have a risk free trade. Cheers!
Trade closed: stop reached:
Breakeven Stops hit for Target 2