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AUDNZD Bearish Gartley Pattern And Potential Correction

Update / Result: TP2 Reached

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

Accuracy: %83

Recommended Lot Size: 0.05 @ 10 K Account with 1:100 Leverage

Trade: Short

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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Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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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.

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