I am looking for two different structure zones on this pair. The lower one gives us first chances to look for valid shorting opportunities. To this point we failed to retest the 61,8 % retracement, therefore the shown gartley pattern isn't activ right now.
So, if we see the lower retracement I will place my limit orders to short via the lower gartley pattern. If...
AUDUSD is still in a downtrend. Therefore we're looking to take shorting opportunities to hop on the trend.
This gartley pattern gives us pattern traders a valid short.
Depending on your personal rules you can either trade this pattern with conventional targets (38,2 & 61,8% from A-D) or as a TCT as shown on the chart.
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One of my favorite setups: Coming back into previous structure while forming a harmonic pattern. IN this case a bearish bat pattern.
Stops and Targets as shown. This is a swing trading idea. Follow your own trading plan!
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