AUDNZD
With a sharped downward trend, the continuation of this movement is expected, eventually after a period of consolidation between resistance and previous support structure (blue zone) .
If the price stays above the breakout zone, support, we may eventually see the price rise to 61.8% zone and then to continue the movimento downward.
Wait for the right moment is perhaps the most difficult process, confirming the breakout to a more conservative and prudent entry.
Possible levels where the price can land are indicated on the chart as a percentage and pips, nothing more than previous structure levels where price has found support or resistance.
First Target is the D point from Gartley Pattern with expectations of an upward movement as a correction...
Bullish Gartley Pattern Objective:
Long at D
GATYLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Targets:
TP1 38.2% AD
TP2 61.8% AD
Check previous published idea;
Check Advanced Patterns Ratios:
Safe trades;
open.spotify.com/tra...B80JBozQzafpjNOMMb0Y
