Hello traders. First of all wish you all good start of the trading week.
So as I monitor FX:AUDUSD recently, I like the move it does. We had nice Long opportunity following the Short one. ( you can see my link below). Now we have the following opportunities.
1. Nice potential bullish Bat pattern (light blue), completion @0.7253, right at the structure support. We have nice R/R for this setup. 2. Potential bullish Gartley pattern (dark blue), completion @0.7879 with nice R/R. I think both patterns worth taking, you can take one which suits your plan, although you can get involved in both patterns.
I want to mention here as well that we have potential 2618 set up as well. if price breaks the neckline and rallies up.
In conclusion I want to say that this pair is GOLD and why: We went short at double top (see link below) now we look for long opportunity on one pattern or both, then we face 2618 setup and we go short straightaway.