On the Daily of AUD/USD two patterns are forming; the lesser which is the Bat(Blue) Pattern and the greater which is the Gartley(Green) Pattern.
If the intention is to take the Bat Pattern levels of actions will be as follows:
-Entry @ 0.72141
-Target 1 @ 0.74492
-Target 2 @ 0.75962
If the Bat is stopped out, then we can look for the Gartley option.
I believe the Bat will be unlikely to be stopped out due to the entry close to Dynamic support area(Yellow Line).
If the Gartley option is taken, consider the levels of actions being:
-Entry @ 0.69567
-Target 1 @ 0.72905
-Target 2 @ 0.74974
These are just my humble opinions.
Feel free to enter according to your strategy.
Adjust Risk to your own risk profile.
Good Luck Trading.
If the intention is to take the Bat Pattern levels of actions will be as follows:
-Entry @ 0.72141
-Target 1 @ 0.74492
-Target 2 @ 0.75962
If the Bat is stopped out, then we can look for the Gartley option.
I believe the Bat will be unlikely to be stopped out due to the entry close to Dynamic support area(Yellow Line).
If the Gartley option is taken, consider the levels of actions being:
-Entry @ 0.69567
-Target 1 @ 0.72905
-Target 2 @ 0.74974
These are just my humble opinions.
Feel free to enter according to your strategy.
Adjust Risk to your own risk profile.
Good Luck Trading.
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