Aussie may reverse north off the uptrend line.
Watching for a cofirmation reversal signal, however if
the TL breaks, the chart will need to be re-accessed.
The alternative scenario on a TL break is a trip to the
next UT line (circa .8400), forming a bullish Gartley.
i've been stopped out on all the aud longs at the 8680 level (about 80 above where it is now) and I never took a kiwi one. for me this trade idea never worked and I entered a bit soon as well.
so it goes.
The red Gartley having reached the first resistance zone appears
to have been an integral part of the old blue BF which could still
be alive and well and heading for the next potential lower target.
A completion to the Blue BF PTZ would then create a new Gartley
(mentioned 2 days ago) shown in turquoise.
Blue box is PTZ, (c) with 2 UT line possibilities for support/reversal.
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