FX:AUDUSD   Australian Dollar / U.S. Dollar
63 0 4
Hi All, I wanted to post this chart early to give traders who trade advanced             patterns time to keep on their radar. Here we see a potential Gartley and Cypher opportunity.

As always on chart entry targets stops

Green Entry Zone - Gartley between 78.6% and 1.272%

Green Entry Level - Cypher 78.6%

Minimum Stops above the X Leg - I would be concerned with having stop so close to the next structure high, this does not give us any room for protection if price continues up to test these levels.

With this you could wait for a higher entry so you can minimize potential risk. If I had to choose a safe stop level I would like to get the stop above 0.74000 which would mean an entry level @0.73480 would be ideal

Targets are as always - 38.2% for TP1 and 61.8% for TP2 - we like to keep our targets just above these levels so we ensure that targets are reached. I have chosen between 78.6% and 1.272% for the Targets

These will need to be adjusted when we have D completion

3 options -

Stay out of the trade if it doesn't meet your rules

Enter Aggressive and hope we respect the Patterns and Fib entry Levels and see a reversal before the X structure

Wait for a higher entry level to ensure you are protected with more stop level above the higher structure point

Good luck and happy trading

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