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Michael_Harding

AU200 3:1 R2R Sell Setup

Short
Australia 200 (CAPITALCOM:AU200)  
Michael_Harding  
CAPITALCOM:AU200   Australia 200
Harmonic Patterns Chart Patterns Trend Analysis tradeplan tradeidea au200 signals signalservice signalsprovider
3
0
harmonicpatterns chartpattern trendanalysis tradeplan tradeidea au200 signals signalservice signalsprovider
First thing to note is that we have a bearish breakout below the ascending trendline on the 1hour timeframe. Additional RSI is suggesting selling pressure with the bearish divergence.

== Game Plan ==
Wait for a pullback as outlined on the chart to enter a sell targeting a 3:1 risk to reward.
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