Check the video for an exciting journey of 1350 pips from highs@0.8125 to 0.7532 lows & from 0.7532 to 0.7695 with all twist & turns - can we nail it with bearish Gartley in current structure below 0.7695. Let me know your comments. Do support.
Got some pips from 0.7675 to 0.7655 - expected a bounce - got the bounce again to 0.7675 from lows of 0.7645
Next if it fails or gets resistance between 0.7675-0.7680 - going below 0.7669 -shall be good enough to take sell again for 0.7655- putting stops above 0.7695
Break of 0.7645 - will continue down to 0.7580
Look to sell with this bearish Bat between 0.7675-0.7680
AUDUSD is running very close to critical resistance upside which is 0.7729 above key level@0.7695 Holding below 0.7729 -we are still bearish but to confirm selling we need pair to drop below 0.7655 in convincing manner. In earlier trades we booked 40-50 pips in 2 Harmonic Patterns back to back & exited at 0.7655 exact.
Moving above 0.7695 & 0.7729 - has turned pair having short term bullish scenario. There is no sign of weakness unless we get a sign - we won't jump for selling.
Price may go to 0.7600 area but the 0.7650 area seems to be providing support.
WaveTalks
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@skgogoi, Short term support in the zone 0.7650-0.7655 so we booked initial target@0.7655. On long term basis unless it crosses above 0.7695 & later 0.7730 - will avoid on long trades.