Here we have 2 bullish patterns, one is bullish gartley and other on is bullish bat pattern, on FX:AUDUSD. Note that the patterns have NOT completed yet. Just wanted to give you guys early heads up, so that you can create a plan for trading these setups. We also have harmonic ABCD move completing right at gartley's completion point. This pair is still in it corrective structure after putting in a lower low lower close below previous structure support (previous higher low). Stops and targets are labelled on the chart above.
That’s all I would like to cover for this trade setup. If you guys have any questions or comments about this trade, feel free to write in the comment section located under this description section. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. All The Best :)
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UPDATE #1: No pattern has been completed yet neither any pattern has been invalidated. So still on the sidelines :)
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UPDATE #1: Hey guys, couple of things I wanted to update you guys with. First, our stop loss on bullish Gartley was NOT hit BUT we did get a break and close below the X leg of the pattern, thus making it invalid. You can close the positions based on the gartley pattern now. Secondly, we hit the bullish bat pattern entry point. Thus I only have positions opened based on the bullish bat pattern. All the BEST :)
Trade geschlossen: Stop wurde erreicht
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UPDATE #3: Stop loss reached. Flat on this pair for now.
Haha, yes mate, I was . Sucks to see the market hit my stop loss and go in my direction on a dime. I am just in love with this nature of the market. It's always challenging you at every moment, you just gotta take the positive out of the losers, learn from them and move on. Small loss, overall I am neutral :)