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Snehath
Jan 17, 2017 7:29 AM

Bulls running out of steam on AUDCHF 

AUSTRALIAN DOLLAR / SWISS FRANCICE

Description

The trade I am putting out isn't a harmonic pattern but it is something that I have been working on the past few months. I see a double top forming on H4 on AUDCHF.

The double top is across two weeks and there is massive RSI divergence happening now.

The candle close in 30 minutes will confirm this trade but I am already in at 0.7577.

Stops is just 35 pips.

There is also a pattern forming at 0.76 level as an additional protection.
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