Australian Dollar / U.S. Dollar

Short

AUDUSD harmonic pattern (bearish gartley pattern completion)

Updated

-rsi overbought
-bearish gartley completion

Trade active

stoch also overbought (valid signal in sideways market -->since 17/04/17

i'm expecting price to bounce off the 0.618 fib level (around 0.75) and continue in trading range until the 15th of June (Fed rate decision were the outlook is hawkish)

Note

snapshot

double top formed, this may be the reversal point (met resistance @ 0.7567)
also the gartley fib ratios are still valid

Trade closed: stop reached

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.