TomHall
Short

AUD/USD - Gartley Pattern

FX:AUDUSD   Australian Dollar / U.S. Dollar
1297 4 27
On the AUD/USD             4h chart we have a potential short opportunity at the D leg completion of a Gartley Pattern .

The price reversal zone on this pair is between 0.7197 & 0.7223
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Price has now broken the trendline dating back to 12 October, which is something to be cognizant of on the approach to the D leg completion.

Potential targets for the Gartley Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance .

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just out of curiosity - did you not enter this trade- if so why not, or did you get stopped out?
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...still walid, we have a resistive unclosed candle...very nice sl/tp ratio...need to check some other technicals to approve my entry...any suggestions Tom Hall? :)
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What's the minimum risk/reward ratio you would use on this trade?
+1 Reply
TomHall KamalFX
Hi,
We wont trade anything less that a 1:1 risk reward.
With the Gartley, Bat and Cypher it is unlikely the risk is more than the reward if drawn correct.
+2 Reply
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