AUDUSD - Bearish Butterfly - Harmonic Pattern
Updated
Bearish Butterfly on 
AUDUSD 1H chart.
High risk traders can enter now.
A more conservative approach would be to wait for a reversal candle.
Supporting Parameters:
Resistance trend line reached.
MACD Divergence on 4H chart.
Stop Loss at 1.618 XA
Take Profit at 38.2 & 61.8 AD.
Happy Trading!
Comment your thoughts and ideas.
Contrarians are always welcome:)
AUDUSD 1H chart.High risk traders can enter now.
A more conservative approach would be to wait for a reversal candle.
Supporting Parameters:
Resistance trend line reached.
MACD Divergence on 4H chart.
Stop Loss at 1.618 XA
Take Profit at 38.2 & 61.8 AD.
Happy Trading!
Comment your thoughts and ideas.
Contrarians are always welcome:)
Note
Correction:Stop Loss at 1.411 XA
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.