xtraderfx
Short

AUDUSD - 2 Potential Advanced Patterns 4 Hour Chart

FX:AUDUSD   Australian Dollar / U.S. Dollar
Thought I'd share what I'll be looking for in the next few days. On the AUDUSD             theres 2 potential advanced             patterns both bearish . One a Cypher and the other a Gartley . What I like about this opportunity is that both patterns should complete around the same level (depending on what ratios you use). The previous Cypher that completed was a success and all 3 of these patterns all formed at the same X level at .74367. Check your ratios to make sure this works with your trading style and hopefully this will complete and we can take some profits. As always looking for the 1st target at .382 and the second .618. Stops should go above the X level according to how your plan. Thanks
Great trade. Would like to know your analysis on the pair for the upcoming interest rate decision..
Regards
Reply
xtraderfx AkashGaur
This is what I have so far as I haven't been actively trading this pair, waiting to see some more movement. Theres a broadening wedge forming to the upside as well as the daily trend that is right up against it. If PA breaks the daily trend I will be looking to go long. If it continues to bounce off the trend then short. As we know this pair has been in a downtrend for a while so who's to say wether it will continue going down or reverse. As far as the interest rate decision coming I cannot speak to much on it. Haven't seen any major movement from the previous one.



+1 Reply
xtraderfx xtraderfx
And yourself, What is your outlook on this pair?
Reply
AkashGaur xtraderfx

Very bullish on this pair but like you said will have to to see it break the daily trendline , news might just be catalyst for this pair
Regards
Reply
AkashGaur AkashGaur

Looking to go long atleast till 0.74 on the breakout
Reply
xtraderfx AkashGaur
Yes .74 is definitely a reasonable price to jump up to.
Reply
This is a powerful combination, and I will look to go short if/when the patterns complete at D.
Reply
xtraderfx jtraderfx
Yes, if this fits your style of trading this will definitely be something to look into in the next couple days.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out