AUD/USD H1 - short position in play
Blue lines correspond to the Bearish ABCD pattern on H4 chart.
For H1 chart, a Bearish Gartley pattern is in play. An ABCD bullish pattern emerges and the price could go a little bit up and it could give another entry short position. But I hope the downtrend continues and the ABCD pattern projection gets invalided and get in line with the ABCD pattern (blue) on H4 chart.
I moved SL to the near resistance at 0.6923 just in case…
For H1 chart, a Bearish Gartley pattern is in play. An ABCD bullish pattern emerges and the price could go a little bit up and it could give another entry short position. But I hope the downtrend continues and the ABCD pattern projection gets invalided and get in line with the ABCD pattern (blue) on H4 chart.
I moved SL to the near resistance at 0.6923 just in case…
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.