dojitrader
Long

Gartley High or Gartley Low which do si do . . . ?

FX:AUDUSD   Australian Dollar / U.S. Dollar
135 1 1
The Gartley High does not really have harmonics/symmetry that gives one
confidence in it's success. And the risk/reward is not that favorable.
The Gartley Low has the potential for great harmonics/symmetry including
an ab=cd that could play out nicely into the buy zone.
I'm thinking that the Aussie is ready for a rally on a larger degree
so, my bias is hoping it's the lower Gartley that plays out.
Better risk/reward is also in it's favor.
So, which dance will the Aussie give me the pleasure of participating ?
Neither pattern is valid and all trades are canceled.
Price action has rowed out into the pond and at some
random point decided to turn around and head back the other way.
The harmonics of this price action has completely failed and, as such,
much as I wish I could have traded one or the other.
It's time to delete this one and start looking for the next opportunity.
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