AUDUSD Nearing High Probability Reversal Zone

FX:AUDUSD   Australian Dollar/U.S. Dollar
5 months ago
AUDUSD             is nearing the completion of a bearish bat on the 1HR timeframe. This level is confluent with a .382 fib and AB=CD pattern. Additionally, a lower TF wave count indicates a possible wave four in process, pending the last wave in the impulse. I will be risking less capital on this trade as it will be an overnight limit order and I will not be able to provide live updates.
5 months ago
Order cancelled: I cancelled this limit entry because I did not a wave count that supplemented entry. HOWEVER, I see a reason to short now after looking at the 15m TF:

AUDUSD EW Update: 5-0 Pattern to Enter Bat

Remember to trade only according to your plan and the most important factor is proper risk management! Good Luck
Follow me on twitter: @gmercerfx
Shoot me an email:
5 months ago
We also have MacD divergence on the hourly, I believe the high probability reversal zone is around 0.75660, we see lows and highs at that well as Diagonal resistance right there.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out