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).
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