A Bearish Gartley Pattern setup for a shorting opportunity, a bearish engulfing candle or both oscillators have to be in the overbought position and hook down before I'll engage the trade.
In normal cases, I won't be even looking at this setup, but as some of you may know I'm very sceptical on Australia Dollar and see that a strong bearish move is lurking in the...
Have I not warned that Australia Dollar is going to crash? This morning there is a big move, and this is a reminder to traders who are optimistic about Australia economy. The flash crash is just the beginning, the 1st wave which I had shared months ago that the significant drop will happen around 1 June 2020 give and take. The threat is real, and the crash happens...
A break and close below the recent low by drive AUDUSD to the next level low at 0.6351 and that is possible just within this year.
If a further dip should have happened, I will be looking at 0.5365 to buy on an ABCD Pattern, which can happen as far as 3 years from now.
This is the kind of analysis that I wish that I will be wrong, but it all seems so possible...
