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nadavhurwitz

AUDUSD - Bearish Butterfly - Harmonic Pattern

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
nadavhurwitz Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Harmonic Patterns Technical Indicators Trend Analysis Bearish Butterfly macddivergence AUDUSD short
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harmonicpatterns indicator trendanalysis bearishbutterfly macddivergence audusd short
Bearish Butterfly on AUDUSD 1H chart.

High risk traders can enter now.
A more conservative approach would be to wait for a reversal candle.

Supporting Parameters:
Resistance trend line reached.
MACD Divergence on 4H chart.

Stop Loss at 1.618 XA
Take Profit at 38.2 & 61.8 AD.

Happy Trading!

Comment your thoughts and ideas.
Contrarians are always welcome:)
Comment:
Correction:
Stop Loss at 1.411 XA
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