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TheForexSamurai
Dec 15, 2016 8:30 PM

Bracketing the EURAUD with a buy and sell setup. 

Euro Fx/Australian DollarFXCM

Description

Trade Setups:

A.) BO (above) - BUY
TP 1 - 1.4208 (Cypher completion)
TP 2 - 1.4231 (Butterfly completion)

B.) Cypher - SELL @ 1.4208
TP 1 - 1.4163
TP 2 - 1.4135

C.) Butterfly - SELL @ 1.4231
TP 1 - 1.4177
TP 2 - 1.4143

D. ) Gartley - BUY @ 1.4104
TP 1 - 1.4136
TP 2 - 1.4156
extended TP - Cypher/Butterfly Completion

SL are all beyond the X point. For the bear butterfly above 161.80% of its XA extension.

Comment

TP on the Trade Setup A. Now Trade Setup B is completed. And Trade Setup C is soon to be completed.

Comment

The Trade Setup D is already invalid.
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