AUDUSD H4 shows Bullish Gartley D at 0.7910.
Price reacted here with reversal to upside, however prevailing current USD strength has stalled the move.
If USD reverts once again to to weakness AUDUSD could regain momentum to upside.
It could be worth while keeping an eye on this.
AUDUSD at 0.7730 as I write looks very interesting now. We have had a Bearish Bat at 0.7700 become recognised and price fell 120 pips - not as far as expected before a bullish bounce back. Now we have price action resting upon a very strong resistance level, also a supply level.
H4 and H1 charts both show strongly overbought along with Daily chart showing...
USDJPY Price now reached 114.00 round number and sat on Supply level.
Price is also resting on 61.8 Fib Retracement from most recent swing high / low levels.
Indicators showing overbought with signs of weakness appearing.
This is currently not a trade so will mark it Neutral.
However I have it in view to monitor for a possible short trade.
I hope this may prove...
Daily Chart shows SMA 100 and SMA 200 remaining in down trend
H4 price action reacting to SMA 200 and trend line at 1.4512
Further moves down may be expected