AUDUSD is spotted on 4 time frames. Importantly the big bearish pressure comes from the weekly.
1. There is some slight weakening of the bullish rebellion on the weekly and daily.
2. With the big wave of bear pressure visible on the weekly, I estimate a 51% probability to the down side on the daily.
3. The bulls may not be allowed much more wriggle-room on 4...
GBP/USD GARTLEY: Staying short on the pound, for obvious reasons. Here is a bearish Gartley parrtern likely to form on the 1H chart. Further consolidation on this pair is imminent considering recent happenings surrounding the EU negotiations and the upcoming US presidential election.
BC: 0.382 - 0.886
CD: 1.272 - 1.618
Similar to the USDJPY, instead we have a possible bearish cypher forming on the daily timeframe. This pair is in a weekly downtrend and has recently hit a level of support/resistance. The D point in the pattern could be a retest before further decrease in price. If the pattern completes I'll look for an entry around the 81.00 - 82.00 price level.
*First post.. Be gentle!* Bearish Gartley on the Daily time frame, looking to go short around the 109.00 mark. Price may edge past the mark and touch the trend line- i'll go down 4 hour, potential the 1 hour, for my entry point!