Akil_Stokes

EURAUD: BRACKETING THE EURAUD WIT BULLISH & BEARISH SETUPS

FX:EURAUD   Euro Fx/Australian Dollar
Hey traders, welcome to a new week and a new month of trading!

Here on the EURAUD             we a bracketed order situation where we have two potential advanced pattern formations setting up in a both a bullish & bearish Gartley formation.

With many of these markets still looking to be in consolidation, these are the times when we want to stay alert for pattern formations.

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beautiful and motivational trade! knocked on the door of my SL by 5 pips and ended up successful at TP1 an hour or so later :)
+1 Reply
Gosh I hate when that happens!!
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PHL PRO Akil_Stokes
Sorry, I meant I ended up in profit but was almost stopped out ;) Luv it!
+1 Reply
Ahh in that case even better. "RING THE REGISTER!"
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It broke the "X" point of the bullish Gartley but not the 1.618 expansion of the A-B leg. Is it still a valid Gartley? Not trading it, just slowly studying Gartley and other patterns to incorporate into my trend/channel strategy.
+1 Reply
Advanced pattern formations are invalid once the "X" leg is violated. Some will need a break and close beyond
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Hello Akil,do you normally take that trade even if it's 3 pips away from the limit order? Thanks
+1 Reply
No, i take the trade only when my limit order is hit
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antonyde Akil_Stokes
Ok! We see that 1.27 extension in on 1.4573 In what price do you set your limit order let's say for that situation? Maybe 1.5 pip before?
+1 Reply
I'll front run 2-5 pips depending on the trade
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