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On the AUD/CHF 4hr chart we have a potential short opportunity at the D leg completion of the Gartley Pattern .
The price reversal zone that is of interest is between 0.6982 & 0.7000
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
This particular PRZ zone has some nice confluence from a strong psychological number to a double top setup.
It is possible to get long at the break of the B leg resistance at 0.6925, however it is advised to await a D leg completion at 0.6982 before looking to take any action.
Potential targets for the Gartley Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance .
http://www.UKForexSignals.com
The price reversal zone that is of interest is between 0.6982 & 0.7000
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
This particular PRZ zone has some nice confluence from a strong psychological number to a double top setup.
It is possible to get long at the break of the B leg resistance at 0.6925, however it is advised to await a D leg completion at 0.6982 before looking to take any action.
Potential targets for the Gartley Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance .
http://www.UKForexSignals.com
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Yes this pattern it now invalid as the price can gone beyond the D leg completion.