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WilliamSurya
Mar 15, 2017 5:40 AM

AUDUSD: Gartley's Pattern Setup for Butterfly's Late Entry Short

Australian Dollar/U.S. DollarFXCM

Description

Reason to entry:
-Gartley's pattern in form of butterfly's pullback
-AB=CD pattern
-price already penetrated flag pattern
-wait for RSI and candle formations

Entry:
-AB=CD completion, or
-gartley's completion

Exit:
-Gartley's 38.2 retracement
-Gartley's 61.8 retracement
-retest of flag's pole
-projection of flag's pole

Void if:
-price goes trough 161.8 extension of butterfly
-widen the stop to prevent market's volatility (Fed rate hike, and other USD big news)

Remember that market always right!Manage your trade well!

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