Get started
Ldog_McG

AUDUSD harmonic pattern (bearish gartley pattern completion)

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Ldog_McG Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD Bearish Gartley Gartley Cypher pattern short audusdshort
5
0
audusd bearishgartley gartleypattern cypherpattern pattern short audusdshort
-rsi overbought
-bearish gartley completion
Trade active:
stoch also overbought (valid signal in sideways market -->since 17/04/17

i'm expecting price to bounce off the 0.618 fib level (around 0.75) and continue in trading range until the 15th of June (Fed rate decision were the outlook is hawkish)
Comment:
snapshot
double top formed, this may be the reversal point (met resistance @ 0.7567)
also the gartley fib ratios are still valid
Trade closed: stop reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.