mcquak
Long

Bullish Gartley

FX:EURAUD   Euro Fx/Australian Dollar
Bullish Gartley is forming. If PRZ (small red rectangle) holds price could experience rising somewhere up to 1.4838 (38.2 retracement of CD leg). Next profit target is between 1.500 - 1.5100 (around B point). B point laying between 38.2 and 50 retracement level is not perfect, however still valid.
fourkey2013
2 years ago
nice chart. What do u think is happening now given it is at that juncture
Reply
mcquak fourkey2013
2 years ago
Bullish Gartley is still on the table. My bias is still bullish. In addition I guess that EURAUD could follow its highly correlated pair GBPAUD. But opposite scenario is also possible. GBPAUD looks a bit exhausted and EURAUD seems to be under bear pressure. So hedging these two pairs could be also beneficial.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out