GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
UK OIL & GAS PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P, VAST RESOURCES PLC ORD 0.1P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), VODAFONE GROUP PLC ORD USD0.20 20/21, PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI)
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
GBP/AUD showed indecision + rejection from 1.7650 area. I will be looking to enter on a retracement after break of the indecision candle because I need minimum 1.5/1 RR. Target will be at retest of the lows. Stop just above the recent highs.
Bearish Gartley had completed on Friday evening @1.0668
Excellent Risk/reward of 1.35/1 for the first target.
The price penetrated X point so whether the pattern is valid for you depends on your specific rules.
As long as it hasn't closed above X - the pattern is valid for me.
I will wait to see how the market wil open and take the trade.
Potential Bearish Gartley on GBP/JPY 1H Chart
Target 1 - 141.29
Target 2 - 140.98