Potential Short opportunity AUDNZD (Gartley)
Potential Bearish Gartley set up.
1. Price needs to move into the PRZ in order for this move to be valid.
2. Confluence of 0.786 retracement of XA and 1.272 extension of AB.
3. Confluence of a down trend
4. Further confluence since the PRZ lines up with previous support/resistance.
I am paying close attention to the PRZ and looking for supporting price action.
1. Price needs to move into the PRZ in order for this move to be valid.
2. Confluence of 0.786 retracement of XA and 1.272 extension of AB.
3. Confluence of a down trend
4. Further confluence since the PRZ lines up with previous support/resistance.
I am paying close attention to the PRZ and looking for supporting price action.
Order avbruten:
Pattern invalidated, C extended past A