AUD/USD: will Aussie catch a crab?

AUD/USD: will Aussie catch a crab?

2019-11-11 • Updated

On the daily chart, bears managed to reach 78.6% target of the Gartley pattern. If the current support at 0.7540 doesn's stop them, Gartley will transform into Crab pattern will increase the risks of decline towards 0.7315. The necessary condition for this scenario is a successful test of resistance at 0.7515.

On H1 AUD/USD is trading within a downtrend channel. Bears retain control for the pair. The best strategy is to sell Australian currency on its advance to 0.7595.

Recommendation: SELL 0,7595 SL 0,765 TP1 0,75 TP2 0,7315.  


AUD/USD  is looking badly
AUD/USD is looking badly

AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.

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