Fxprotrader
Long

AUDUSD@ Bullish Gartley and 5-3 Elliott Cycle Completion

FX:AUDUSD   Australian Dollar / U.S. Dollar
Price in AUDUSD             has completed a bullish gartley pattern at a key support level . Meanwhile we can see that we have a 5-3 elliott wave cycle with c wave being the cd leg of the harmonic pattern . At D point of CD leg we have a double bottom with a divergence with RSI .

Once again i will enter this setup with three positions as shown at the chart. If price reaches the first profit target i will move stoploss to breakeven to the other two positions.

Like and comment if you agree.!
Trade closed: target reached: Move stoploss to breakeven.
Trade closed: target reached: A correction is expected and after that another impulsive move for third target..
Trade closed manually: I will close this third position manually with over 2.5:1 profit.. I still believe that this market has more to the upside.
See again we are on same side. I m expecting it to go more upwards. I will look to add further. Will be watching it next week for adding.
+1 Reply
Well played Sir. Worthy of a happy dance
Reply
Thank you creedog. I am a terrible dancer so i won't follow your advice!! :)
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