THE WEEK AHEAD: TREND CONTINUATION VIA BEARISH GARTLEY ON AUDUSD
We previously had a first signal that the short-term bullish moves (remember: we are heavily bearish on the daily time frame) could come to an end.
The arrow shows the close below the previous low. We therefore looking for a shorting opportunity on this pair which lines up in form of a bearish gartley pattern.
Beside the standard target 1 (38,2% oft C-D leg) I will trail half of the position to the lowest close at point C.
Stops have to go above X, according to your personal rules of engagement.
Have a great week of trading.
Felix
ogtpartners.com
The arrow shows the close below the previous low. We therefore looking for a shorting opportunity on this pair which lines up in form of a bearish gartley pattern.
Beside the standard target 1 (38,2% oft C-D leg) I will trail half of the position to the lowest close at point C.
Stops have to go above X, according to your personal rules of engagement.
Have a great week of trading.
Felix
ogtpartners.com
Erfolgreich traden lernen.
wirmachentrader.de
wirmachentrader.de
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Erfolgreich traden lernen.
wirmachentrader.de
wirmachentrader.de
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.