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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