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British Pound / Australian Dollar
Short

trading harmonic pattern with confirmation

By VasilyTrader
Updated
snapshot

hey guys,

let me share with you a really good example of trading a harmonic gartley pattern with c confirmation signal.

first of all we need to identify a potential reversal zone for our trade.
on a higher timeframe just look left and find a range between two significant levels of resistance.
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when you identified a potential reversal zone,
wait until the market approaches this zone,
when it happens, go to a lower timeframe and look for reversal signals and patterns.
here we have a nice head and shoulders pattern + bearish gartley pattern + rsi overbought.
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you execute your trade only when you see a violation of a neckline.
it is your confirmation trigger.

good luck!
Note
almost hit the first target
Note
Hit the initial target
GartleyHead and ShouldersSupport and Resistance
VasilyTrader
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