Short

Short opportunity on AUD\USD, ABCD Pattern

Updated

Looks like an ABCD pattern, I will wait until price breaks below trend-line and enter short placing stops above LH. I set three targets corresponding to Fib retracement levels.

Note

We have to be patient here,trend line still hadn't been broken, Aussi slowly climbs higher, probably will rewrite local high. My basic strategy for this pair remains unchanged, there is still a good chance that ABCD pattern will realize itself.

Note

Entered short, s\l at 0.7850 targets as pictured

Trade closed: stop reached

FX_CouchPotato

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