MichaelSelim

Possible Reversal & Short Trade Setup For AUD/USD On Daily Chart

FX:AUDUSD   Australian Dollar/U.S. Dollar
Price currently trading below resistance 0.783 - 0.775 zone and RSI below overbought levels. Bearish RSI divergence plus possible bearish Gartley pattern suggests start of bearish trend to support level 0.703

From 0.703 - 0.680 ( point D - point X of the Gartley pattern ) we can look to go Long, target 1 at 0.733 and target 2 at 0.753

If price trades above 0.783 that would cancel the predicted the down trend move and the up trend would continue to 0.805
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out