Dolar Australia / Dolar A.S.Singkat
AUDUSD Two AB=CD Completions Nicely Together
I was looking through the charts and found two AB=CD patterns that complete in the same PRZ. At least to me, this is a great opportunity to go short on AUDUSD.
The basics of the chart shows a large AB=CD (blue arrows) where we have a 0.618 AB retracement and a completion close to a 1.618 AB extension. The smaller AB=CD pattern (orange arrows) that is embedded in the larger pattern shows a 0.5 AB retracement and a completion at a 1.618 AB extension.
An aggressive way to trade this is by taking your targets based on the larger pattern with 0.382 being one target that matches structure (~ 35 pips), followed by the 0.618 retracement (~ 55 pips). Don't forget stop losses (which is relative to your trading plan).
Trade wisely, Trade responsibly.
The basics of the chart shows a large AB=CD (blue arrows) where we have a 0.618 AB retracement and a completion close to a 1.618 AB extension. The smaller AB=CD pattern (orange arrows) that is embedded in the larger pattern shows a 0.5 AB retracement and a completion at a 1.618 AB extension.
An aggressive way to trade this is by taking your targets based on the larger pattern with 0.382 being one target that matches structure (~ 35 pips), followed by the 0.618 retracement (~ 55 pips). Don't forget stop losses (which is relative to your trading plan).
Trade wisely, Trade responsibly.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.