AUD/USD H4 - Waiting for short position setup

FX:AUDUSD   Australian Dollar / U.S. Dollar
Pair strongly influenced by OIL             price and this one will continue rising, but the downtrend remains.

A bearish Gartley pattern and double top are present but no divergence at sight. Taking in consideration OIL             price, there is a possibility that this pair continue a little bit higher, in that case, a bearish B-Fly emerges and will pressure top channel on D1 (green).

On H1 chart, price looks strong in the uptrend. So I’ll stay aside for the moment and opting to see if the B-Fly pattern complete.

Meanwhile, on H1 chart, there is a bullish 5-0 pattern in play and a long position could be setup between 0.7156 and 0.7186 (wait for bull divergence + reversal bar pattern).
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out