AUDNZD LONG - Potential Bullish Gartley

2015년 2월 26일

There's some really nice structure on the AUDNZD 60 minute chart and we've been making higher highs and higher lows. Breaking through our most recent piece of structure has formed a Bullish Gartley pattern that looks promising; the AB leg is slightly over a .382 retracement which is usually indicative of trend continuation.

If this pattern does play nice we'll continue on with a higher low, and hopefully we'll see another higher high.

(excuse my typo in the chart!)
BUY @ 1.0377
SELL @ 1.0339 (SL)
SELL @ 1.0328 (TP)

If you're real careful about it, you might want to let this one fly high and manage it by hand rather than setting a profit target; if I'm still awake when that happens that's probably what I'll be doing.

I set a shallow stop because if we surpass X I'm looking to get long again at the 1.272 extension to try to grab a butterlfy with a stop below that lowest piece of structure.