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UnknownUnicorn300837
Jan 15, 2016 6:18 AM

Potential Gartley Short

Australian Dollar/U.S. DollarFXCM

Description

Good potential opportunity to short this pair.

Entry at traditional 1.27 fib extenseion of A to B offers a better risk reward ration than the traditional 786 retracement of X to A.

Traditional gartley traders will look for 1 or 2 targets @382 and/or 618 retracement of A to D move. Extended targets could be taken at the bottom of the broken wedge (on the daily) around the 0,6900 level (even number that might present us with some interesting price action)

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