Here we are looking at AUD/USD again but this time on a 2h chart with an extended harmonic pattern, this is a perfect shorting opportunity. Previously I posted an extended pattern for this pair which was highly profitable, this can be found in the related ideas section below.
We are currently trading within a range which has formed a valid AB=CD pattern, in addition we are also approaching the overbought region on all relevant time frames for RSI, I'll be expecting price to stall out followed by a sharp move to the downside.
We are currently trading within a range which has formed a valid AB=CD pattern, in addition we are also approaching the overbought region on all relevant time frames for RSI, I'll be expecting price to stall out followed by a sharp move to the downside.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
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.