AUD/USD has made a peak formation on the hourly charts with a move below 0.69 the figure from where it has formed a peak bullish formation and bulls will be looking to engage from within 0.69 again for a bust higher over the course of the forthcoming sessions. The money is above the various swing pints on the hourly time frame.
The Gartley pattern is a bullish feature on the chart whereby the target aligns with a 78.6% Fibonacci retracement of the current corrective range between recent highs and lows of 0.6965 and 0.6880.
The prior structure aligns with this target as being the 0.6945/50 area on the chart also. The resistances until there are 0.6912, 0.6922 and 0.6931.
The W-formations are bottoming patterns where the price has, so far, been supported by the necklines. This is bullish for the Tokyo open and the day ahead. On the other hand, a break below these necklines, 0.6906, 0.6896 and then the 0.6880 lows will be bearish.
The Gartley pattern is a bullish feature on the chart whereby the target aligns with a 78.6% Fibonacci retracement of the current corrective range between recent highs and lows of 0.6965 and 0.6880.
The prior structure aligns with this target as being the 0.6945/50 area on the chart also. The resistances until there are 0.6912, 0.6922 and 0.6931.
The W-formations are bottoming patterns where the price has, so far, been supported by the necklines. This is bullish for the Tokyo open and the day ahead. On the other hand, a break below these necklines, 0.6906, 0.6896 and then the 0.6880 lows will be bearish.
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at 2 mins 36, I meant to say, those who want to scalp ...not swing trade... anyway... so far so good, a W formation on the 15 min is forming, so waiting for a pullback before moving down to lower time frames to scalp long from an optimum entry point...those taking the swing trade , you should already be long and in profit and break of 6930 could be a good place to go break even... for those that are looking for the scalp..be patient ... more to come...
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filled
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will be moving to breakeven asap because PBoC set yuan fix weakest since Aug. 31, 2020, so that's US dollar bullish註釋
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nice, we have a break of this resistance, take some off the table or move 100% to breakeven交易結束：目標達成
and for those swing traders, just a little more to go... may the markets go with you! done for the day!
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the last mention, there will be scalping opportunities on the downside from the Gartley target .. . peace out!
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