X5
Short

AUD/USD H4 - Waiting for short position setup

X5  
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).
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out