MichaelSelim

AUDUSD Possible BUY Setup On 4H Chart

MichaelSelim Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
1
After the formation of bearish Gartley reached target, price is expected to start bullish move as suggested by 4H bullish Butterfly pattern and double bottom formation at 0.683 entry supported by RSI divergence. First target at 704 and second target at 712
Trade closed manually:
Target A at 0.704 was reached. Trade closed manually at 0.707 before FOMC event today.
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.