kschiangb6
Short

Bearish Gartley Forming On the 4-Hour Chart of EURAUD

FX:EURAUD   Euro / Australian Dollar
275 5 1
Here's another Bearish Gartley forming on the 4-Hour chart of EURAUD             with a confluence of Fibonacci levels at the Potential Reversal Point. Read all about it here: http://simplychartpatterns.wordpress.com/2012/11/21/bearish-gartley-spotted-on-the-4-hour-chart-of-euraud/
Well, that's alright! Nice catch! And congrats on your win!
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B-D was exactly 127. But frankly speaking X-D was about 74 only, i.e. less than the allowed 78,6.
So it wasn't an exact Gartley.
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You're welcome! What was your fibonacci levels for Point D?
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Today was profit taking as target reached(bottom line of the upward channel as in my chart above). Thank you for the idea.
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I'm afraid that we saw point D at 5:00 yesterday and should be short now already.
Here you can see my version of this butterfly:
snapshot

I am short now and will go short with a second position as we broke the upward channel.
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