X5
Short

AUD/USD H4 - Short setups

X5  
FX:AUDUSD   Australian Dollar/U.S. Dollar
Two scenarios:
Bearish divergence is already present.

a) Bullish ABCD pattern in which I’ll be targeting the 61.8-78.6 Fibo retracements and see if another bearish pattern formation it presents to resume downtrend.

b) Bullish shark projection which could be taken in advantage from point C and targeting support at 0.6935

Note: Bullish crab pattern on D1 (green), still hasn’t present more reversal signs… so I keep bearish

Comment: Bullish crab on D1 chart advance and now, I’m more into paragraph a). Bearish divergence is present and heading to 61.8 – 78.6 fibo retracement.
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