AUD-USD: POSSIBLE REVERSAL| SHORT SETUP| HARMONIC TRADE|ONE HOUR

5 apr 2023

This trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. AUD-USD Forex pair is moving in a Bearish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bullish Bat Harmonic Pattern is used to identify the projection from its current price whereas Short Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ. Presence of Divergence is negative at the current price level which can further lead to bearish movement of the instrument till PRZ.