AUDNZD Bearish Gartley Pattern And Potential Correction
Description: Chartraderpro finds a completed bearish Gartley Pattern on H4 Chart Timeframe. Potential bearish correction is predicted. If the price moves above X, we can expect the bearish reversal at 1.10180 Fib 113% of XA.This level can be used as a second short entry opportunity.
Pair / Instrument: AUDNZD
Time Frame: H4
The trend in the Timeframe: Bullish
The trend in the Daily Chart: Bulllish
Trade Based On: Bearish Gartlet Pattern
Recommended Lot Size: 0.05 @ 10 K Account with 1:100 Leverage
The Area Of The Entry: 1.09830
Stop Loss: 1.10000
Target 1: 1.09670
Target 2: 1.09570
Target 3: 1.09400
What to Pay Attention:
You may follow the trade setup: AUDNZD Bearish Gartley
Update: TP2 Reached 26 Pips
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
AUDNZD Bearish Gartley Pattern : Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.