X5

AUD/USD H1 - Possible short setup - Bat pattern

Short
X5 Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
OIL price looks to be on hard resistance, same with AUD (strong resistance at 0.7258). A bearish Bat pattern emerges and could be taken if a bearish divergence and reversal bar pattern show up inside the PRZ box.

Bullish Gartley on H4 chart (blue) almost complete TP3 (0.7249)
Comment:
Bearish divergence present but no reversal bar pattern and the PRZ box is broken. So the Bat pattern is invalidated and now the price is going to test D1 chart top channel (green). Potential Crab pattern in play.

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.