UPDATE #1: AUDUSD - Back-To-Back Gartley & Cypher TP1 & TP2 Hit
UPDATE #1: The bullish Gartley I posted about has hit both TP1 & TP2 for a combined +106 pips profit.
The bearish cypher pattern was also quickly filled and now prices have already started retreating from there. If you got in on the bearish cypher and are now SHORT, I would caution against getting greedy and shooting for TP2 via the cypher. Price action is giving clues that the action is to the upside. Prices retreating from the cypher should only be a retracement and not a reversal back down.
Of interest to note, I also put in a bearish bat pattern that was also completed though I didn't take any trade off of it due to my expectation that the cypher would be completed.
*NOTE: My postings are delayed somewhat due to technical difficulties I am experiencing.Please be patient!
The bearish cypher pattern was also quickly filled and now prices have already started retreating from there. If you got in on the bearish cypher and are now SHORT, I would caution against getting greedy and shooting for TP2 via the cypher. Price action is giving clues that the action is to the upside. Prices retreating from the cypher should only be a retracement and not a reversal back down.
Of interest to note, I also put in a bearish bat pattern that was also completed though I didn't take any trade off of it due to my expectation that the cypher would be completed.
*NOTE: My postings are delayed somewhat due to technical difficulties I am experiencing.Please be patient!
SPECIAL Report on the S&P 500. Read it here. It's FREE: bit.ly/2KGJ409spx818
Mailing list: bit.ly/2iNieEY
Facebook Group: facebook.com/efxselect
Twitter: @andrewefxselect
Website: efxselect.com
Mailing list: bit.ly/2iNieEY
Facebook Group: facebook.com/efxselect
Twitter: @andrewefxselect
Website: efxselect.com
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.