AUDUSD Potential Gartley or Butterfly Pattern (60 Minute Chart)
Potentially have a Gartley Sell pattern on the 60 minute AUDUSD. While the ratios aren't 100% right, if you look further left you'll see that D lies in an area of previous structure and coupled with an increasing RSI it seems reasonable to assume there will be some downward action at that point.
SELL @ 0.8566
BUY @ 0.8615 (SL)
BUY @ 0.8489 (TP)
Risk: 59 Pips
Reward: 77 Pips
If you end up getting stopped out, keep an eye on the 1.217 line for a potential butterfly.
SELL @ 0.8566
BUY @ 0.8615 (SL)
BUY @ 0.8489 (TP)
Risk: 59 Pips
Reward: 77 Pips
If you end up getting stopped out, keep an eye on the 1.217 line for a potential butterfly.