Bullish Gartley

FX:EURAUD   Euro / Australian Dollar
Bullish Gartley is forming. If PRZ (small red rectangle ) holds price could experience rising somewhere up to 1.4838 (38.2 retracement of CD leg). Next profit target is between 1.500 - 1.5100 (around B point). B point laying between 38.2 and 50 retracement level is not perfect, however still valid.


nice chart. What do u think is happening now given it is at that juncture
McQuant fourkey2013
Bullish Gartley is still on the table. My bias is still bullish. In addition I guess that EURAUD could follow its highly correlated pair GBPAUD. But opposite scenario is also possible. GBPAUD looks a bit exhausted and EURAUD seems to be under bear pressure. So hedging these two pairs could be also beneficial.
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