(4h) Bearish momentum // Bullish Gartley // IF=THEN ®

FX:AUDUSD   Australian Dollar / U.S. Dollar

Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
TP1 38.2% AD
TP2 61.8% AD

Price as rejected a close below the 618% retracement twice (at daily supportD1)... broke out the bullish structure, rejected one first time at 61.8%, tested previous structure, and rejected again at the 618% strengthen the daily supportD1 at $0.69728. Hereupon, "we" are trading between H4 resistance and H4 support, and waiting a decision.

We have a cluster - (check link below), one ABC correction or one ab=cd pattern will sink the price close to monthly support at 0.69076$ or below it at weekly support at 0.6826$.

Check also " (2h) The Bats // IF=THEN ® " - link below

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