AUDNOK potential bullish gartley
setup:
-elliot wave theory (corrective abc move after 5-wave impulse usually has support around the start of wave 4)
-stop loss fib confluence --> 0.382 of trading range and 0.13 extension off wave 4 to 5
-harmonic pattern
-fib confluence above target 1 --> t1
If the pattern is completed i will;
-look for entry at 6.36 given confirmation
-set stops below 6.32
-take profits at 6.42 or reduce position and roll stops to break-even and look for extended targets
--> if after entry pattern is invalidated then I will be looking to close on a pullback
disclaimer - trade at your own risk,
this is simply like my opinion, man.
-elliot wave theory (corrective abc move after 5-wave impulse usually has support around the start of wave 4)
-stop loss fib confluence --> 0.382 of trading range and 0.13 extension off wave 4 to 5
-harmonic pattern
-fib confluence above target 1 --> t1
If the pattern is completed i will;
-look for entry at 6.36 given confirmation
-set stops below 6.32
-take profits at 6.42 or reduce position and roll stops to break-even and look for extended targets
--> if after entry pattern is invalidated then I will be looking to close on a pullback
disclaimer - trade at your own risk,
this is simply like my opinion, man.
Note
change of plans;
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.