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Thread: AUD.USD

  1. #231
    Legend peat's Avatar
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    hmmm
    back into the D zone now.... and hit a lower low than before. tho currently bouncing a little.

    Does this mean the gartley has failed? - technically not till it crosses X) but certainly coming back into what Carney might call the PPZ (profit protection zone).
    Could be just the 'back to test' thing goin on tho.
    For clarity, nothing I say is advice....

  2. #232
    action-reaction arco's Avatar
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    Peat

    There are harmonic patterns in several timeframes - which TF are you
    working on?

    rgds - arco
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  3. #233
    Legend peat's Avatar
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    I'm looking at the patterns since Nov 13th as per this picture
    I have lined the new pattern tho it doesnt assist my understanding.
    The RSI is now more oversold than it was before at this level tho so this makes me tend to think it would bounce from here again but dont choose to risk 70 pips - if an uptrend develops from here I'm hoping it might be large enough to miss a portion of it. i.e let it confirm.

  4. #234
    action-reaction arco's Avatar
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    Peat

    I wonder if its heading lower to create a BF
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  5. #235
    Legend peat's Avatar
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    Yeh thats the one
    Some heavy red 30 min candles now
    This is the reason why the PPZ is so important imo.
    For clarity, nothing I say is advice....

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