AUDCAD - GARTLEY COMPLETION
Bearish gartley pattern followed by a bullish gartley pattern on the daily TF.
PRZ with inverted doji candle present, signaling uptrend.
1st TP at 0.9407 (38.2% retracement with STRONG previous structure support and resistance found at the same level).
2nd TP at 0.94727 at the 61.8% level.
Stop loss at 0.9235.
PRZ with inverted doji candle present, signaling uptrend.
1st TP at 0.9407 (38.2% retracement with STRONG previous structure support and resistance found at the same level).
2nd TP at 0.94727 at the 61.8% level.
Stop loss at 0.9235.
Trade stängt: målet nått:
Very positive AUD news helped reached 2nd TP. It definitely could have gone the other way, not sure if the impact would have been the same. Always trade news with caution!
I also noticed an minor error to one of the terms used in the introduction. It should be an inverted hammer candlestick, not inverted doji.