Hey awesome traders! Hope you’re enjoying a well-deserved holiday. Quick summer check-in: GBPAUD just completed a clean Bullish Gartley into the PRZ, and buyers are reacting at D—poolside or beach, plan it, execute it, manage the profit.
📌 Pattern Overview
Pattern: Gartley (Bullish)
Bias: Long from D/PCZ on confirmation and structure reclaim
🔑 Key Levels
X: 2.08178
A: 2.10047
B: 2.09003
C: 2.09821
D (PRZ): 2.08540
PCZ: 2.084 – 2.087 (XA 78.6% + AB=CD/BC 1.27–1.618 confluence)
📐 Confirmation Triggers
First reaction off D printed.
Stronger confirmation: reclaim/close above 2.0900 (B pivot).
Hold of higher-lows inside 2.084–2.087 keeps the setup valid.
⚡ Trade Plan
Plan A (confirmation entry):
Wait for close > 2.0900, buy the retest.
Targets: 2.10293 – 2.10707 (T1 zone).
Trail once price clears 2.100.
Plan B (PRZ fade, smaller size):
Scale in on basing/higher-lows 2.084–2.087.
Add on 2.0900 reclaim.
🛡 Risk Management
Invalidation (aggressive): clean close below 2.0854 (D).
Conservative invalidation: below 2.0818 (X).
Stops: under 2.084–2.085 (tight) or under 2.0815–2.0820 (structure).
Move stop to BE after ~1R; partials at T1.
🎯 Targets & Path
T1: 2.10293 – 2.10707 (≈ 78.6%–100% of AD).
If momentum persists after T1, look for continuation legs toward prior swing supply.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
