My Ironclad Rule

"It's not how many pips you make, It's how much risk you take"

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Wednesday, May 12, 2010

AUDUSD : Bearish Gartley [emerging]


It's been a month since my last update on this blog. I'm thinking of shifting from blogger to hosted website in future. Just for quick and short update, this gartley is found on 1-hour timeframe. B is 0.618 XA at 0.908 and from B, this pair will continue its downtrend. I'm anticipating a drop to 0.886 AB for point C at 0.875.

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