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UnknownUnicorn180388
Oct 4, 2015 9:59 AM

AUD/CHF - Gartley Pattern  做空

Australian Dollar/Swiss FrancFXCM

描述

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.

UKForexSignals.com
评论
NickofJupiter
When do patterns become invalid? For example would this be invalid because of last candles close above reversal zone?
UnknownUnicorn180388
Hi,
Yes this pattern it now invalid as the price can gone beyond the D leg completion.
NickofJupiter
Thanks for the reply!
UnknownUnicorn180388
No problem.
FullTimeTrader
I like it because its near the strong psychonumber 0.7000, we will have a reaction near that area for sure. Regards.
UnknownUnicorn180388
How To Trade The Gartley Pattern.
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