NickofJupiter

AUDUSD Short Idea - Weekly Timeframe

Short
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Huge short opportunity for high riskreward.
As we approach the .700 even handle on the weekly AUDUSD, after 2 rejection hammer candles, the risk:reward potential is great here for a short back to previous levels. (Green structure support)
Stops about 50 pips, profits about 300.
Comment:
Look at the hourly with bearish divergence on the RSI
Comment:
Bearish engulfing, excellent price reaction at this level we expected. Lets tank this thing boys
Comment:
Gartley pattern completion on the 2H
Comment:
Stopped out

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