LewisGlasgow
Short

AUD/USD - Market Direction

FX:AUDUSD   Australian Dollar/U.S. Dollar
Here we have AUD/USD             on the daily chart with a general outlook on market direction, as you can see price is has dropped heavily since breaking our trendline around 0.76000... I am now looking for positions on the lower timeframes to get in on this move.

Keep an eye on this structure going into next week, if you have any additional analysis feel free to leave it below.
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Id be careful going long on the USD over any time frame
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Since that break of trend I've been also looking at short opportunities, there is a possible D Completion of a bullish bat at the 0.69405 level imo. Will see what the coming weeks have also have a bearish gartley completed on the 1 hr chart
+1 Reply
@Stink, It's carrying a lot of potential at the moment, I spotted the gartley on the 1h chart also but I will need to check out the bullish bat :) thank you!
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Stink LewisGlasgow
@lewglasgow,
snapshot


was my original thoughts about a month ago, although we have seen a higher close still a valid pattern imo :) have a good weekend
+1 Reply
@Stink, I'll keep an eye on this pattern around the 0.70000 level incase of a reversal, well spotted. Thanks you too brother!
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