AUDUSD Bearish Gartley About To Complete

FX:AUDUSD   Australian Dollar / U.S. Dollar
A bearish gartley pattern is about to complete. A bearish divergence with MACD makes it a high probability pattern. Stoploss and profit targets as shown at the chart. If price reaches the first target we move stoploss to breakeven at the second one.

In a previous post we saw two more bearish harmonics, a cypher and a butterfly with D point in the same zone as this gartley . See the link below.

Like and comment if you agree.!
This is a good example of the main difficulty with Gartley patterns. Unless they complete fully you never really know where you are with them. This analysis is correct (SELL AUD) but the reversal has begun before the pattern is complete. I guess the failure to make a new high above .7182 would have suggested an entry but you would have needed a uncomfortable STOP in order to accommodate a retrace back to complete the pattern.
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out