There is a potential Gartley Pattern setting up on the AUDUSD pair completing at 0.7589. Though it appears to be a counter-trend trade, the pattern completes around an area of previous resistance,meaning we have some structure looking left.
There is also an AB=CD move terminating at the completion point of the advanced pattern.
Conventional Target 1 and Target 2 are at 0.7560 and 0.7542 respectively.
There is also an AB=CD move terminating at the completion point of the advanced pattern.
Conventional Target 1 and Target 2 are at 0.7560 and 0.7542 respectively.
Trade active
Looks like the resistance level is holding. Lets see if price can atleast get to target 1 so i can move stops to breakeven and have a risk free trade. Cheers!Trade closed: stop reached
Breakeven Stops hit for Target 2
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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.