EUR/AUD Gartley Pattern
Entry around the 127.2 of AB @ 1.45818
Stops @ 1.47822, near previous highs of 02/12/2015, and above the 161.8 of AB
Entry @ 1.43649, just above the 38.2 of AD
The daily chart indicates a selling point, however the 4H indicates a potential rebound off the channel. Rebound could occur before descending to the 38.2
S. Stoch on both timeframes indicate further downside.
NB: Gartley patterns should form D at 127.2, however an extension to the 161.8 is acceptable and remains valid as long as there is no close beyond it.
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.