Price in AUDUSD has completed a bullish gartley pattern at a key support level. Meanwhile we can see that we have a 5-3 elliott wave cycle with c wave being the cd leg of the harmonic pattern. At D point of CD leg we have a double bottom with a divergence with RSI.
Once again i will enter this setup with three positions as shown at the chart. If price reaches the first profit target i will move stoploss to breakeven to the other two positions.
Like and comment if you agree.!
Trade geschlossen: Ziel wurde erreicht
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Move stoploss to breakeven.
Trade geschlossen: Ziel wurde erreicht
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A correction is expected and after that another impulsive move for third target..
Trade wurde manuell geschlossen
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I will close this third position manually with over 2.5:1 profit.. I still believe that this market has more to the upside.