Gartley Pattern, Gbp/ Aud, 30 min

FX:GBPAUD   British Pound / Australian Dollar
This trade is to hedge for my previous Aud NZD trade. I believe that if this trade completes, then it is likely that the market will rally from point D to the 1.618 extension of the BC             leg; Because the pattern has completed in the negative deviation of both the last 100 and 200 moves. Now in order for the market to remain bullish , it will have to cross back above the regression line of the last 200 moves. this could take as long as 7 hours, maybe as few as 3.

I have placed my entry at point B , my stop at point X and my limit at the 1.618 extension of the BC             leg

Thanks for checking this out , please feel free to check out some other trades i have open right now , like and comment if you agree or disagree, and follow me if you want to see more in the future.

Thanks again , Good Trading !
Hey, mate. I'm trading bats consistently for along time. they are very effective if you know the tips. See my thoughts about bats.

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