Short from Red zone
then looking for Long from Blue zone
Just my point of view on this pair, would need more confirmation. But if plan is right, then it would be lots of profit.
Merry Christmas and Happy New Year everyone!
Right now Aussie is in a Daily Downtrend, so my plan would be:
First: SHORT From Red zone (~0.73000-0.73500), Watching Price Action and Charts pattern on 1h to find entry.
Then, LONG From Blue zone (~0.70400-0.69400),Will watch for entry. TP will update later.
Reason: Daily Bullish Gartley completion.
I am a new trader so would be...
XAU/USD -0.78% is forming a falling wedge pattern after a impulse from 1303 to 1350.
Buy the break out of this pattern for TP of 1344-1348 Resistance zone confluence with the Trendline.
If Break out below this pattern, Invalidate this idea.
Also, RSI is showing Hidden Divergence.