Possible Reversal & Short Trade Setup For AUD/USD On Daily Chart
Price currently trading below resistance 0.783 - 0.775 zone and RSI below overbought levels. Bearish RSI divergence plus possible bearish Gartley pattern suggests start of bearish trend to support level 0.703
From 0.703 - 0.680 ( point D - point X of the Gartley pattern ) we can look to go Long, target 1 at 0.733 and target 2 at 0.753
If price trades above 0.783 that would cancel the predicted the down trend move and the up trend would continue to 0.805
From 0.703 - 0.680 ( point D - point X of the Gartley pattern ) we can look to go Long, target 1 at 0.733 and target 2 at 0.753
If price trades above 0.783 that would cancel the predicted the down trend move and the up trend would continue to 0.805