AUDUSD: bearish 5-0 pattern

5 мая 2020 г.In this chart we see a bearish 5-0 pattern. The yellow rectangle highlights the PRZ consisting of 50-61.8% retracements.

RSI is showing bearish divergence at a 127.2% extension of the previous swing, confluence by 50% retracement from the 5-0 pattern PRZ.

Good luck to all trading AUD/USD !!

6 мая 2020 г.

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Now the chart does not look good for the bearish bias. We have the 1 hour and 4 hour timeframes showing hidden bullish divergences:

6 мая 2020 г.

Комментарий

Interesting chart, highlighting the market movements will reveal that the 3 rallies are 13% 8% and 5% advances, all numbers from the Fibonacci sequence: