GBPAUD: Structure Trade With Amazing Risk Reward

23 thg 7, 2014

This morning I recorded a video looking at a bullish Gartley opportunity that I missed. By the time I got my orders in price action had move well beyond the original entry point offering a much better risk/reward. Hours later we are still holding on tot he very last bit of structure and are attempting to put in a double bottom depending on the close oft his current candle.

Between the structure level, advanced pattern, RSI being overbought, the retest of structure and the RSI divergence. I'd say this is a heck of an opportunity to get long. Just look at the potential risk reward. Targets a little lower at structure still make it more than worth it.