Precision Trade Setup on AUD/USD with a Bullish Gartley Pattern

The AUD/USD is setting up for a potential reversal near a key harmonic "Gartley" formation. This advanced technical structure, combined with critical confluences, highlights an area of high-probability trade opportunities.

Strategy: Buy at the Reversal Point (D)

Rationale:

The harmonic Gartley pattern suggests a potential trend reversal near 0.628, aligning with a long-term trendline and a horizontal support zone (highlighted in purple). RSI indicates oversold conditions, and the TDI shows bullish divergence, reinforcing the case for a recovery. A significant risk-reward ratio makes this trade an attractive opportunity.

Trade Parameters:

Entry Zone: 0.628
Stop Loss: 0.657
Take Profit: 0.6457
Risk-Reward Ratio: 1:3+

While the technical setup is compelling, it is crucial to remain vigilant about price action in lower timeframes. Always confirm price action before entering a position.
Harmonic Patterns

Penafian