AUDUSD@ Bullish Gartley and 5-3 Elliott Cycle Completion

Price in AUDUSD has completed a bullish gartley pattern at a key support level. Meanwhile we can see that we have a 5-3 elliott wave cycle with c wave being the cd leg of the harmonic pattern. At D point of CD leg we have a double bottom with a divergence with RSI.

Once again i will enter this setup with three positions as shown at the chart. If price reaches the first profit target i will move stoploss to breakeven to the other two positions.

Like and comment if you agree.!

Trade stängt: målet nått:

Move stoploss to breakeven.

Trade stängt: målet nått:

A correction is expected and after that another impulsive move for third target..

Trade stängt manuellt:

I will close this third position manually with over 2.5:1 profit.. I still believe that this market has more to the upside.