AUDUSD: Back-To-Back Gartley & Cypher

Just real quick here because I had not posted about this Gartley although I took it (don't have time to post every trade I take but I do my best!). The Gartley was also supported by the extended former neckline of the H&S pattern that I posted about last week. Now I know, trend lines are kind of subjective as traders usually draw them to "fit" what they want. In this case, I only extended the neckline trend line and you can see how well it's been holding as of late. So in my estimation, it still holds some influence.

The Gartley was also triggered by a piercing pattern bullish candlestick formation and also a failed break of the trend line. For now, prices should rise with the Gartley and when it does, it will run into a bearish cypher pattern which should send prices back down again back into consolidation for a while longer before finally making a push LONG.

Good Luck!

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