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TheSpringHunter

Gartley 222 or ABCD at 78% retracement

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Paun British / Dolar Australia (OANDA:GBPAUD)  
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OANDA:GBPAUD   Paun British / Dolar Australia
Multiple Time Frame Analysis AB=CD Gartley gartley222 20emadaily highertimeframeconfluence Forex
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mtfa abcdpattern gartleypattern gartley222 20emadaily highertimeframeconfluence forex
I am placing an order where the red box is. Entry is the upper side and stop loss is the opposite end.

Placing my order behind a previous low where naturally stops will reside - this low is also a previous daily bar low. My entry and where the AB=CD ends is at the 20 Daily Moving Average so expect a bounce from there.

The fans of harmonic patterns can recognize this structure as a Gartley 222.
Pesanan dibatalkan:
The idea is no longer valid, there was a Spring action last night.
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