TradingView
Vostiothenjo
Mar 3, 2016 9:47 AM

Aussie, an Expanding Triangle in the making???? Short

Australian Dollar/U.S. DollarFXCM

Description

Seems like this structure is developing into an Expanding Triangle. Either way guys, Its not a trade worth missing and we would be looking to net in pips on the next "abc" move to the downside. This structure on its completion should be a 3-3-3-3-3 corrective structure . We would be holding shorts on the 3rd leg "C" to capture the "abc" with preferred targets of 0.68278
More