Highcrunch
Short

Bearish Gartley Pattern with price hitting PRZ

FX:EURAUD   Euro Fx/Australian Dollar
152 3 5
Bearish Gartley with D point right at the potential reversal zone. Additionally we have confluence with price coming into strong resistance zone as indicated with the eclipse. Furthermore, price is also hitting the upper uptrend channel providing further resistance. Short till point B with stop above point A


Thanks guys. Although the Gartley structure is technically invalid as it D has gone past A point. However yesterday price went up and closed nicely back into the upper channel with RSI overbought, probability of bearish movement is still in place. I will go into lower timeframes and look for confirmation and shorting opportunities.
+2 Reply
Totally Agree. Great idea
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Great Eye, i had almost the same idea.. Keep them coming.. thanks.
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