Monday, February 24, 2014

Potential AUD/USD Short Trade

A Bearish Gartley pattern is forming on the AUD/USD 4-hr. chart.  The long green candle in the CD leg might scare you away but I've seen these work.  I've highlighted the potential reversal zone.  Stop should be placed above the most recent high at 0.9085 (see Daily chart).  A Dark Cloud Cover (Bearish Reversal) candlestick pattern has formed on the Weekly chart.  See previous post.  Happy Trading!


No comments:

Post a Comment