Akil_Stokes
Long

AUDUSD: 1hr Potential Bullish Bat Pattern

FX:AUDUSD   Australian Dollar/U.S. Dollar
I'm looking at a potential bullish Gartley pattern here on the AUDUSD             hourly chart completing at the 88.6 (0.7553). If the gartley were to complete I'd expect a move back into our 38.2 fibonacci retracement locate at 0.7605. With that level being so close to the 76 even handle it's probably worth front running your targets a little more.

Do be aware that we have Retail Sales news out tonight at 9:30pm and Cash Rate due out at 12:30am NY which should push these thin Asia-session markets, but when the smoke clears, if the pattern is still available it looks pretty appetizing. If you're a trader that can't actively watch the charts during this time period, it may be worth playing the sidelines.

Also for those of you who attended today, I'd love to hear your opinion on how things went. I mentioned the "Kaizen" philosophy in my trading, well i also use that same philosophy in life as well so all comments are welcomed so that day 2 can be even better.

Akil
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the expectation was right @Akil_Stokes , but did not went to you potential PRZ , i use BC extension and AB extension to find the best entry it always goes on 127-138 ext levels of AB &138-161of BC (i use AB ext to confirm BC ext ) i place my limit order somewhere in that area and it really did worked (almost always works with me in other trades that i take with harmonics)
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Hi Akil, also attending the webinar. Just started trading seriously. This platform is an awesome way to learn and test your predictions. So far it's going really well, I am surprised what happens if you stick to the rules of structure (in conjunction with the other things of course)
Thanks so much for your efforts!!
+1 Reply
Akil_Stokes PRO RobinOphion
Good things happen when you respect the markets by approaching them like a business
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Hey, Akil. Suppose we have a situation when price reaches the previous structure high but fails to make a new structure high. We have a double top where the second wick is higher the the first one, but its close is lower then the first high. Then price retraces and makes a second attempt which becomes succesful. To consider this second attempt a new structure high should we have a candle slose above the first wick (which is considered a previous structure high) or above the second wick (wich is higer then the first). I asked this question yesterday but had no answer. May be you'll explain this situation on Day 2?
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Alexander_Nikitin Alexander_Nikitin
What if we have a candleclose above the first wick, but this close is lower than the second wick?
In this situation we defenitely have a close above the previous structure high (the first wick), but we don't have a close above the failed structure high (second wick). should this third high be considered a new structure high?
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Akil_Stokes PRO Alexander_Nikitin
It must close beyond whatever the highest point is, so if it's the new wick then that's it.
+1 Reply
Hey Akil! Is there any possible way to review the recording from today? I missed the workshop due to a meeting this morning...
+1 Reply
moneymaking gdavidespinoza
Hi, I think you had to register with your email to the workshop, so that way the recording is sent to your email, in case you missed it. Hope this helps :)
+1 Reply
dangap gdavidespinoza
gdavidespinoza If you registered you should have got an email already with the link to watch the replay, I did.
+1 Reply
Akil_Stokes PRO gdavidespinoza
Yes, the link was mailed out last night. Did you register?
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