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.
Thoughts about bat pattern. Tips and secrets. Part II.

Thoughts about BAT pattern. Some tips and secrets.
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