GBPAUD 1H BEAR GARTLEY at X@2.05067 with Stops and Targets
1. If price reaches the completion of this GARTLEY pattern I will sell. There are three structure highs close to the completion point of the pattern.
2. Stops will be placed above the highest point which is also the A point of the potential BULL BAT pattern. When several highs are close together the highest point often gets tested.
3. Target 1 is slightly above the A point of the GARTLEY pattern.
4. Target 2 is slightly above the 1.618 XA extension. This area had acted as resistance and support in the past.
5. Both stops are moved to breakeven at the 0.618 CD retracement . Target 2 stops are trailed using the DNC indicator once moved to breakeven.
2. Stops will be placed above the highest point which is also the A point of the potential BULL BAT pattern. When several highs are close together the highest point often gets tested.
3. Target 1 is slightly above the A point of the GARTLEY pattern.
4. Target 2 is slightly above the 1.618 XA extension. This area had acted as resistance and support in the past.
5. Both stops are moved to breakeven at the 0.618 CD retracement . Target 2 stops are trailed using the DNC indicator once moved to breakeven.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
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