GBPAUDThis is one of those times where one trade is enough to make your whole month.
A bearish gartley has just formed followed by a double top.
For those whose TP1 is retracement 38.6, it has already been hit.
Now we wait for the 61.8 and hopefully the 100% retracement.
As always keep your stops tight.
Anything can happen in the market.
Note
Trade playing our well. Risk averse traders can move their stop loss to break evenNote
We expect price to retrace even lower and might even hit 1.785. Trade closed: target reached
TP2 hit.Now we wait for price to drop lower hopefully to 0.786.
Note
We are 15 pips short of our 14R TP3. This has been a remarkable trade.Note
AndTP3 has been hit.
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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.