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pjgonzales
Oct 17, 2018 3:32 AM

BEARISH rising wedge pattern on AUDUSD Short

Australian Dollar/U.S. DollarFXCM

Description

I am further bearish on AUDUSD due to the upcoming FOMC minutes tomorrow and the China GDP on Friday. Most USD pairings are setting up for a bullish USD since indices and stocks are rising again.

If this chart help at all, a like would help a lot!
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.

DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA.

Good luck to everyone!

Trade active

Shorted around 0.7157

Trade closed: target reached

Took profit at 0.70178, waiting for pullback then shorting again before Chinese GDP

Comment

Fell asleep on the pullback, very unfortunate, but those who got in at the pullback this morning, GOOD JOB! TP would hopefully be at 0.070430.

Trade closed: target reached

Comments
Inncent
awesome setup...
pjgonzales
@Inncent, Thanks mate, hope you got in on a nice entry point!
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