AUDUSD Two AB=CD Completions Nicely Together

FX:AUDUSD   Australian Dollar / U.S. Dollar
124 0
I was looking through the charts and found two AB=CD patterns that complete in the same PRZ. At least to me, this is a great opportunity to go short on AUDUSD .

The basics of the chart shows a large AB=CD (blue arrows) where we have a 0.618 AB retracement and a completion close to a 1.618 AB extension. The smaller AB=CD pattern (orange arrows) that is embedded in the larger pattern shows a 0.5 AB retracement and a completion at a 1.618 AB extension.

An aggressive way to trade this is by taking your targets based on the larger pattern with 0.382 being one target that matches structure (~ 35 pips), followed by the 0.618 retracement (~ 55 pips). Don't forget stop losses (which is relative to your trading plan).

Trade wisely, Trade responsibly.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out