FX:AUDUSD Australian Dollar/U.S. Dollar
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Sorry. I'm not sure what you are asking. Before giving an answer, I'd like to be sure what the question is. TP per the patterns I posted are on the chart. Also, although I am aware of the presence of the pivots, I don't use them in my trading. I have an opinion on pivot points but that's a discussion for another topic.
Thanks for your reply. In the 1 H chart there were some bearish candles. Since you have also mentioned short according to your analysis, what I wanted to know is whether price would go to 0.74433 (daily pivot). As you can see price has gone up from the 0.74700 area. So will it fall down again to go to 0.74433 for an intraday trade. I am short.
Anything is possible. It could fall to 0.74433 or it could not. Only time can tell. As for the bearish candles, yes, there are some indications of bearishness there but that is what the crab pattern is also indicating. What candles don't tell you is where prices MIGHT go to. For the record, although I posted a couple of bearish crabs here, overall, I am bullish on this pair for the short-medium term outlook. See my post on a deeper analysis on this pair....