Hey traders,
another analysis i really enjoyed today. This is one of my favorite style, for youhave to support your view by adding more and more clues (of value) to your side.
Here on AUDNZD we are at a bigger Gartley completion, and we can see a nice AB=CD pattern and a Fibonacci cluster all right there. In addition to that, we also are in an OVERBOUGHT condition on RSI.
Obviously if you scroll the chart you can see there's also a structure level on the left.
The confirmation signal is given by the current engulfing candle.
Entry at market, stops and targets as in the chart above.
Let's see.
If you have any question, please ask beneath.
Otherwise, see you in the next chart!
another analysis i really enjoyed today. This is one of my favorite style, for youhave to support your view by adding more and more clues (of value) to your side.
Here on AUDNZD we are at a bigger Gartley completion, and we can see a nice AB=CD pattern and a Fibonacci cluster all right there. In addition to that, we also are in an OVERBOUGHT condition on RSI.
Obviously if you scroll the chart you can see there's also a structure level on the left.
The confirmation signal is given by the current engulfing candle.
Entry at market, stops and targets as in the chart above.
Let's see.
If you have any question, please ask beneath.
Otherwise, see you in the next chart!
Trade active
Comment:
Butterfly completion also:
Comment:
All these long wicks to the down (right at previous structure) make me think that maybe price wouldn't fall. Stops at break even. One of the most important rules: CUT YOUR LOSSES!
Trade closed: target reached:
After 7 days price finally hit target1. Let's see if we can earn some more pips now.
