Maybe a Gartley will form on AUD/CAD
The C leg could complete on this previous 4-hour zone that I have marked on my chart. Not sure, but if it does then I would look for a completion of the Gartley pattern at the D leg of the 78.6 Fibonacci tool. The Fib Ext tool also shows some confluence with the 1.27 level falling directly on the Fib tool's 78.6 level.
Let's see how the market plays out here. Depending on how this candle closes out of the 4-hour timeframe I will most likely put a long position at the high of the previously closed candle. I would need to see a strong bullish move in order for me to trigger that order and put a SL a few pips below the 4-hour zone that I have marked.
This is not investment advice. I'm not a financial consultant, I'm just analyzing the charts with my best judgement with the knowledge that I have of market geometry.
Let's see how the market plays out here. Depending on how this candle closes out of the 4-hour timeframe I will most likely put a long position at the high of the previously closed candle. I would need to see a strong bullish move in order for me to trigger that order and put a SL a few pips below the 4-hour zone that I have marked.
This is not investment advice. I'm not a financial consultant, I'm just analyzing the charts with my best judgement with the knowledge that I have of market geometry.
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