Looks nice. The support level at 1.45 seems unquestionable. And yet I think you may have a hard time waiting for that rally, given current strength of the AUD and the weakness of the EUR.
Is it OK with you if I disagree and show an illustration why ?
babypips.com/images/school/images/grade10/bullish-bat.png If it's not OK, then, just disregard my comment.
Honestly wishing you lots of pips in your pocket for 2014 and beyond !!!!!
Yuba_Tamazgha
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Dojitrader of course you can disagree! Criticism and different ideas is what make trading view so wonderful. It's only the disrespectful and rude criticism that is unwanted.
Yuba_Tamazgha
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Are you saying There is no gartley pattern on this chart? Or are you saying that there is a gartely pattern and also a bat pattern?
dojitrader
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To my eye the pattern you have outlined is a Bat
pattern which would place D @ the .886 at about 1.4250
It's a Bat pattern to me because the A to B leg is in the range of
.382 -.500 fib retracement.
{interesting that you posted this chart just as I was looking myself.
There seems to be lot of possibilities all the way down to the 4hr.
If they check out I'll probably post tomorrow}
so far i do not see any Gartley's ~~~~~
Yuba_Tamazgha
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The only reason i see this pattern as an Gartley because A to C leg can be in the range of .382 or .886. But I can see your side of the story, if I had to bet any money the Bat pattern would probably be a higher probability of happening since B leg came right into the .382 -.500 as you stated. Since the B leg came right into the .382 precisely, i'll add it a bat to my charts and keep the Gartely as a second possibility. I noticed the Gartley on EURJPY only had a .382 B leg retracement but yet it made a 0.769 between X and D, maybe it was just quick rally, i'm still in that position . But i'll keep the Bat as an higher possibility. Thanks.