Gartley Pattern on EURAUD 60M at Minor Resistance Level

FX:EURAUD   Euro / Australian Dollar
30 0 3
Trade Management

Pattern: Gartley

Symbol: EURAUD            

Date: Friday, 13th of November 2015

Timeframe: 60M

Entry-Point: 1.5252

Stoploss: 1.5149

Take-Profit 1: 1.5149

Take-Profit 2: 1.5086

Description: Price Action on the EURAUD             acted the last days in a tight Range. The Entry-Point is close to the Resistance-Level of the Range. Therefore the Trading Idea of the EURAUD             60M is a high probability setup. The stoploss can be alternatively also be set above the Resistance Level (above 1.5288).

Invalidation of Trade
The Trade is invalid if price breaks Point A to the downside.

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