AUD.USD - Bearish Gartley Setup - 0.7238

FX:AUDUSD   Australian Dollar / U.S. Dollar
On the AUD.USD 1h chart we have a potential short opportunity at the D leg completion of a bearish Gartley .

The price reversal zone on this pair is at 0.7238 & 0.7259
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Fibonacci Confluence: 127.2% - 141.4% - 78.60%
AB=CD Completion - 0.7234

Potential targets for the Gartley placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 0.7156
Stop loss would be placed above X leg structure resistance .

Nice one - totally agree. I'm expecting bullish intra-day trading today, as the AUDUSD hit a low last night of 0.7162 (already up 0.85% from this bottom). I feel it will hit resistance at your D level (0.7238ish), which should provide a perfect short opportunity
+1 Reply
TomHall Lordpip
Couldn't agree more, let see how we get on :-)
Lordpip TomHall
We called this perfectly
+1 Reply
TomHall Lordpip
Onto the next one :-)
Nice set up !
+1 Reply
TomHall Michael_KM
Thanks very much
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