HamedAghajani
Short

Gartley completion at an important level

FX:EURAUD   Euro / Australian Dollar
123 5 8
The highlighted ellipse is cluster of following three;
1- Completion of Gartley
2- AB=CD pattern
3- Downward upper trend line (minor)

Hence 1.463 may be a level you should be watching closely if you are long this pair; I expect a decent pull-pack at this level, though.

Please let me know your thoughts,

Best regards,
Hamed
Newcastle upon Tyne
03/Jun/2015 Wed h22:35 BST
What do you think it's going to happend in a month time?
+1 Reply
HamedAghajani andrewcountry
Hello @StevenCountry. I don't know what will happen in a month time. But this pair could go higher than this level in near future. However for the moment, price showed respect for the trend-line, so far. One could trade the short side in the following manner; If the risk to reward ratio of the trade fits you trading plan.
Reply
andrewcountry HamedAghajani
Thank you very much for your answer HamedAghajani.... I'm a very beginner in this word. Just hope it will go down to 0.7 at lest.... thanks again!
Reply
HamedAghajani andrewcountry
It won't go to 0.7 in 1-month for sure. It may to 1.6-1.7 first. Never risk more than you can afford. (at most 3% of your trading capital)
Reply
andrewcountry HamedAghajani
Sorry, I mean 1.38-1.40 not 0.7... sorry
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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