AUDUSD - Possible reversal area (short term)

STEP1 :AUDUSD just completed Gartley pattern and reacted with local AB=CD correction.
STEP2: Bullish reaction on 1.618ext of BC wave Gartley pattern.

STEP3 (yet to come): I expect another bullish movment here:

Wide AB=CD @ 0.752 + 0.886 retracement.

Alternate scenario:
If it breaks the bottom of AB=CD @ 0.752, look for short term buy @ 0.750

Overall, trend is bearish since we broke the major trendline.

Trade responsibly.

Comentário:

Did you catch the bottom? Perfect entry on a wick.

I remind it's short term trade, so anything above 20pips is good target.