EverythingForex

TRADE: BUY@.72567 AUDUSD: Aiming for the triangle completion

شراء
FX:AUDUSD   دولار أسترالي/ دولار أمريكي
This quick update to this last post is because price action has now started to form a POTENTIAL perfect Gartley pattern. It's C point is NOT set yet. Without any significant decline in prices, it's starting to look more and more like this triangle may complete. There's no upward signs that are confirming this yet but the picture is looking short-term bullish.

Because of this, and a very good R:R of 3-1, I am taking this quick trade for a possible +60 pips while risking only +22 pips. It could be a very short trade if prices go south from here and I'll drop a fast 20 pips but hey, no risk, no gain!

MY TRADE PLAN
Only looking to snag pips up to the completion of the Gartely and that upper TL. Not holding for a possible longer up move as I am anticipating the triangle. Stops go below the point 4 low of the triangle pattern.

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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