Oops!!!...Scroll the chart to the right....:-/
AUDUSD is showing a bullish Gartley....
I should have published the chart earlier but I did take the trade on this pattern and took out a small profit.
Why I am putting this out now is we still have an amazing opportunity to play this pair.....
As we can see, the pattern is one reason to play this. And it also lines up with a previous post of mine. Retracement from 'D' becomes the corrective wave 'B' in Elliot Wave cycle thus supporting the pattern..... Another aspect that still gives a long signal is the candles are now resting on the weekly structure. You could look back and see that there's been a strong support and resistance in the price region around 'D'.....
Just shows how amazingly the concepts hold each other up. It does not matter how the market reacts, but we can surely observe that the market is giving enough attention to all the points on the harmonic patterns before giving any reaction.
AUDUSD is showing a bullish Gartley....
I should have published the chart earlier but I did take the trade on this pattern and took out a small profit.
Why I am putting this out now is we still have an amazing opportunity to play this pair.....
As we can see, the pattern is one reason to play this. And it also lines up with a previous post of mine. Retracement from 'D' becomes the corrective wave 'B' in Elliot Wave cycle thus supporting the pattern..... Another aspect that still gives a long signal is the candles are now resting on the weekly structure. You could look back and see that there's been a strong support and resistance in the price region around 'D'.....
Just shows how amazingly the concepts hold each other up. It does not matter how the market reacts, but we can surely observe that the market is giving enough attention to all the points on the harmonic patterns before giving any reaction.