Short opportunity on AUD\USD, ABCD Pattern

AUDUSD

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.

Commento:

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.

Commento:

Entered short, s\l at 0.7850 targets as pictured

Trade chiuso: stop raggiunto