AUDUSD
has entered the PRZ of 3 bearish harmonic patterns. The zone falls in the sell area of a bearish Wolfe Wave and is backed by strong resistance. SL is placed above bat completion. Targets are set at .382 and .618 retracements of CD.
Confluence in the PRZ:
Trendline Resistance:
Thanks for viewing and don't forget to click the thumbs up button and follow for future updates and more trade ideas!
Confluence in the PRZ:
- Bearish bat pattern completion (2X)
- Bearish crab pattern completion
- Bearish Wolfe wave
- Strong trendline resistance
- 2.24BC projection
- AB=CD pattern completion
- 2.24BC projection
- 1.618ab=cd
Trendline Resistance:
Thanks for viewing and don't forget to click the thumbs up button and follow for future updates and more trade ideas!
Komen:
Target 1 has been hit - I am leaving the entire position open and moving SL to B/E as I believe this has potential to run to the target line.
Dagangan ditutup: hentian tercapai:
SL reached at break even +0 Pips