AUDUSD Short on Symmetrical Triangle/Bearish Sentiment
Updated
Sell 
AUDUSD after break out blew Symmetrical Triangle
Consolidation for last 7 days, which created a perfect symmetrical triangle. So, price could break out above the desceneding trendline or break below the ascending trendline. Because market sentiment if Bullish for USD; I will sell if price breaks below ascending trendline
Daily Last Candle closed inside the previous Spinning Top; suggesting bear strength
Base Range of the Symetrical triangle is 115 Pips
So, target also 115 Pips; which is near 1.272 Fib Level
STOP LOSS: 15 Pip above the last Candle
Take Profit: 1.272 Fib Level
Risk Reward: 1.52
AUDUSD after break out blew Symmetrical TriangleConsolidation for last 7 days, which created a perfect symmetrical triangle. So, price could break out above the desceneding trendline or break below the ascending trendline. Because market sentiment if Bullish for USD; I will sell if price breaks below ascending trendline
Daily Last Candle closed inside the previous Spinning Top; suggesting bear strength
Base Range of the Symetrical triangle is 115 Pips
So, target also 115 Pips; which is near 1.272 Fib Level
STOP LOSS: 15 Pip above the last Candle
Take Profit: 1.272 Fib Level
Risk Reward: 1.52
Note
Possible Entry Points after Monday Market Opening.Note
I did not place this order as Price did not break below the ascending line!
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