Potential Bearish Gartley On GBPAUD

FX:GBPAUD   British Pound / Australian Dollar
We have a potential bearish gartley on this pair and the main question is are we gonna get there? The market at previous structure now and it's showing signs of reversal because the RSI went overbought a few hours ago so we are just gonna play the waiting game and see if we could get another rally that might get us filled on our short position. This market is currently bearish and I expect the bearish trend to continue so hopefully that will happen once our order gets filled

Watch to learn how I trade the gartley Pattern?

See how we made 850 pips last week
Trade closed: stop reached

Agree with your analysis!
Thanks! ;)
You're welcome!
McKuz McKuz
pattern failed, its a pity :(
I don't understand, the pattern you posted above was a head and shoulders pattern right? So i'm guessing your stops would have to go above the head i.e above 20858? The right shoulder hasn't touched that price yet. I don't trade head and shoulders pattern so maybe you have a different way of trading it
Good analysis, keep up the good work and thanks for sharing, traders be aware of Thursdays interest rate decision and statement as I think it will move this pair and all GBP pairs either up or down strongly - if this trade is still open!
Thanks. Yes we might get a brief rally in either direction but that's all it is 'a brief rally' because once all the dust has settle, technicals will take over and the fact that we've put in a lower low and lower close on the daily chart suggests this market is in a bearish mode but the news on thursday is certainly something to have on the back of your mind.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out