FX:GBPAUD   British Pound / Australian Dollar
166 2 3
Hi All, Recently I shared a Bearish Bat for this Pair - this pair is in my portfolio so I try to maintain a sense of being in front.

Here we see a Cypher and Gartley forming and we usually know that with multiple patterns at the same D completion Area means for a high probable trade along with other filters, and Fibonacci Confluence providing extra confirmation for a reason for entry.

Gartley - X to A - A to B 61.8% Retrace and must not touch 78.6% - B to C MIN 61.8% must not violate A Leg - D Completion 78.6% Retrace from X to A with a 1.272 Fib Extension from A to B and an AB=CD move from A to B leg copied from the C leg to the D completion with all these together shows us the potential Kill Zone - A perfect Gartley will have all of these parameters meet at the exact same point - as you can see in this Gartley the Green box is large for our kill zone - having a Cypher tells me that the best entry would be 78.6%

Just below the Even Handle 2.15000

I have marked Standard Entry level @ 78.6% - you will notice the R:R Profile is slightly less than 1:1 I think it was 0.94% depending on if you keep your stops at the minimum stop level - keep in mind GBP pairs have a very large ATR

Again with Cypher Patterns we very rarely see a 1:1 - usually they have an inverse risk reward but because they are so frequent and have a good win ration the inverse Risk Reward doesnt matter

Also make sure you follow your ROE, Plan your trade and Trade your plan and good luck.

Happy Trading
T1 Hit stops moved up for T2 to Break Even
Thanks outrage..sounds like a good plan..
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