KVE
Long

GBP/AUD: Possible bullish Gartley

FX_IDC:GBPAUD   British Pound / Australian Dollar
36 2 3
I've posted many idea's on this pair today, so if you want to get a complete pipcture please be sure to check all of them.

This one is a possible bullish Gartley that completes if the triangle gets broken to the downside. B is a bit above the normal 61.8% of XA but still rather close imo             .
A breakout will often be followed by some consolidation or a re-test of the broken trendline so this Gartley is also in line with that scenario.

Because of the bearish breakout the upside could be limited so I would suggest taking at least 80%, if not the full 100, at TP1. But that all depends on your rules of course!

Please also check my idea on pattern targets which could convince you to take 100% at TP1 on most or all your advanced pattern trades...:
Trade closed: stop reached
SL hit, might have had them too close but oh well I stuck to my gameplan!

IDEA CLOSED
Reply
Orders got filled, let's hope it goes well...
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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