04 AUDUSD DAILY CHART

DAILY: AUDUSD has touched 0.618 retracement level and dropped back two times. Now it is the third time of the same zone. However, there is a Bat Pattern at previous high too. Check the price action before enter sell.

Kommentar:

4-HOUR: There are 2 zones to go short. First zone is 0.618 retracement and second zone is Bat pattern. If you see reversal price action in these 2 zones, you can sell with the best stop loss above previous high.

Kommentar:

4-HOUR: Complete ABCD near point D of bat pattern. Now look for reversal.