AUDJPY Potential Bearish ABCD Pattern | 1.9% Target
Updated
Short Day Trading Position
Take Profit 86.300 (Completion of the pattern)
SL: 89.1 (If breaking the pattern up)
The AUDYPY pair has been showing signs of bearish divergence on the 4 hour chart, and a potential creation of ABCD Pattern while the Bearish big trend continues.
The pair has started the downtrend since September 13th last year on the Daily chart and it will probably continue until reaching the support level on 86.00. Based on these technical analysis, it is possible that the AUDYPY may experience a bearish movement. Traders should be cautious and monitor key levels of support and resistance , as well as any further bearish signals that may confirm this potential move.
I would be grateful to get your feedback for this idea if you have any opinion to share
✽↝✔
Esteem your Analysis and seek improvements ⌁
AbdullahTech ♾
Take Profit 86.300 (Completion of the pattern)
SL: 89.1 (If breaking the pattern up)
The AUDYPY pair has been showing signs of bearish divergence on the 4 hour chart, and a potential creation of ABCD Pattern while the Bearish big trend continues.
The pair has started the downtrend since September 13th last year on the Daily chart and it will probably continue until reaching the support level on 86.00. Based on these technical analysis, it is possible that the AUDYPY may experience a bearish movement. Traders should be cautious and monitor key levels of support and resistance , as well as any further bearish signals that may confirm this potential move.
I would be grateful to get your feedback for this idea if you have any opinion to share
✽↝✔
Esteem your Analysis and seek improvements ⌁
AbdullahTech ♾
Trade active
The price has broken a small-sized ascending channel on the 30-minute frame, which confirms the view of going down further to make the ABCD pattern.Trade closed: stop reached
Around 50+ Pips reached in target before bouncing back to the stoploss!
AbdullahTech
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