Break in resistant will trigger long position. Target at completion of harmonic and .618 retracement. Reversal continuation off of weekly trend resistance line.
As the market continues up into weekly resistance, anticipating a break in trend line to trigger a possible shorting position on the 4H.
Three drive pattern just completed which would cause retracement to support and then cause continued rally.
AUDJPY showing possibilities of completing Gartley pattern after fulfilling both completions of .5 retracement lines. Once trends shows it respects trend line, pair shows it could complete with 1.414 and 78.6 ratio confluence. Currently pair is showing divergence which could lead to a minimal retracement to trend line then continue upward trend.
After a short fall on the EURAUD H4, we could expect a completion of the "third drive".
I usually tend not to trade on Friday's but simply scanning the market I found this.
After discovering the larger Gartley pattern on the Daily chart, EURAUD continues to sell with a smaller Gartley pattern.
After a volatile week during several announcements from the FOMC, AUDUSD completes a Gartley pattern.