AUDUSD - POTENTIAL BEAR BAT BEAR GARTLEY - ADVANCED PATTERN
Hi Traders, I wanted to share this early in case we go past the B leg and I dont have time to share with you, here we see 2 potential opportunities for shorting AUDUSD.
I have also posted the Bullish Bat Pattern last week so if we continue downwards we would look to enter the Bull Bat.
As always color coded for easy reference.
Gartley Blue
Bat Pink
Entries for each - Green with the PRZ marked
Gartley PRZ between 1.272% Fibonacci Extension A to B move and 78.6% Retrace from the X to A move providing us with the PRZ
Stops Red for each pattern - this is the minimum stop level.
Stops moved down when T 1 is obtained
Targets - T1 and T2 as always STD - 38.2% and 61.8% Retrace from the A to D move
Targets to be adjusted on D completion
Also check your R:R on the Gartley you may find another reason for entry as this is inverse rick reward 0.96% but if this meets your rules then by all means take the trade aggressive at the PRZ
Good luck and happy trading
I have also posted the Bullish Bat Pattern last week so if we continue downwards we would look to enter the Bull Bat.
As always color coded for easy reference.
Gartley Blue
Bat Pink
Entries for each - Green with the PRZ marked
Gartley PRZ between 1.272% Fibonacci Extension A to B move and 78.6% Retrace from the X to A move providing us with the PRZ
Stops Red for each pattern - this is the minimum stop level.
Stops moved down when T 1 is obtained
Targets - T1 and T2 as always STD - 38.2% and 61.8% Retrace from the A to D move
Targets to be adjusted on D completion
Also check your R:R on the Gartley you may find another reason for entry as this is inverse rick reward 0.96% but if this meets your rules then by all means take the trade aggressive at the PRZ
Good luck and happy trading
