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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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.