AUD/NZD Is Forming A Solid Gartley Pattern
The AUDNZD pair is forming a solid Gartley pattern on the 4H chart. It's in the process of forming a bullish formation which we will be able to initiate a long trade at or near point D. This could take a day or two to unfold, if the pair decides to rally without coming down close to point D the order will be cancelled.
We will be looking to take this pair long at 1.10600 which also coincides to a congestion area from the end of July which should act as support along with the Gartley. Our stop will be on a break of point X by 10 - 20 Pips. With that said our stop will be 1.1000 which is also a big figure. Profit target will be 1.11200 - 1.11500.
We will be looking to take this pair long at 1.10600 which also coincides to a congestion area from the end of July which should act as support along with the Gartley. Our stop will be on a break of point X by 10 - 20 Pips. With that said our stop will be 1.1000 which is also a big figure. Profit target will be 1.11200 - 1.11500.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.