Fxprotrader

AUDUSD Bearish Gartley Completion

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Fxprotrader Uppdaterad   
FX:AUDUSD   Australiensisk dollar/USA-dollar
In a previous post we mentioned about a key zone we should keep an eye for a sell signal. We can now see that price has formed a bearish gartley which i believe will be the reason for a big sell off.
Kommentera:
The pattern has worked great till now pushing price to the support level of the correction. I believe price will breakout and price collapse. The best option for those who are in this trade is to place stoploss to breakeven and wait for that breakout.
Kommentera:
Breakout has happened. We have to wait for a correction and then sell the market.
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