AUDCHF Long - Intraday Gartley Forming - Perfect Storm?
Updated
Pretty good set up forming here. The Precise B pt ratio has hit, C is within spec. Pattern starts at convergence with a .382 level on 1d chart and the completeion of a AB=CD inside this retracement. Pattern also starts with a morning star candle reversal patter at this same point. That's a lot of good things to start the pattern.
If pattern completes it will make a near perfect Gartley: AB=CD - .618 XB - .786XD Also D point converges with the 32.8 retracefrom 1dl, and price just completed a bull harami (light green box) on 1d as well. And all this is hapening at a pretty strong support level - which price action and harmonics seem to define it quite nicely.
Finally, we are right right on the pyschological round number of .75900 So Buy Limit at .75902 targeting the .618 retrace ( or .786) with a tiny 10 pip stop just below, or the more classic stop just below X.
If pattern completes it will make a near perfect Gartley: AB=CD - .618 XB - .786XD Also D point converges with the 32.8 retracefrom 1dl, and price just completed a bull harami (light green box) on 1d as well. And all this is hapening at a pretty strong support level - which price action and harmonics seem to define it quite nicely.
Finally, we are right right on the pyschological round number of .75900 So Buy Limit at .75902 targeting the .618 retrace ( or .786) with a tiny 10 pip stop just below, or the more classic stop just below X.
Order cancelled
Well, It didn't complete the pattern, but it did go up! My buy order never triggered so this one passed me by....
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