chesspool

Daily Gartley Pattern AUD/USD

FX:AUDUSD   Dollar Australien/Dollar Américain
3
For the near term the AUD/USD looks strong, and given the last two trading days price action resulted in inside bars would to me give a more positive outlook. But given there is also a bearish Gartley pattern, in which the X point represents the next major hurdle. I don't feel like buying for the longer term. I personally will be looking to sell around the Gartley completion. I will prefer and be looking for price action to test the next level (X-point), to reduce my risk on this trade.
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