AUD close to resistance point
AUD has been trending very nicely to the upside but now we are approaching to a spot of resistance.
We have a Gartley formation with an AB=CD move as a plus.
Notice that also we have structure looking left and a descending trendline that until now has been respected. If the Gartley pattern completes, it may create a "fakeout" on that trendline. Going to keep an eye on this setup
Keep it simple, and focus on the process
Twitter: @JeanC680
Jean
We have a Gartley formation with an AB=CD move as a plus.
Notice that also we have structure looking left and a descending trendline that until now has been respected. If the Gartley pattern completes, it may create a "fakeout" on that trendline. Going to keep an eye on this setup
Keep it simple, and focus on the process
Twitter: @JeanC680
Jean
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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.