Get started
PortmoreCapital

Aussie short to 127 or 161.8 ext

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
PortmoreCapital  
FX:AUDUSD   Australian Dollar / U.S. Dollar
pips reward aussiedollar short setup moneyprinting
3
0
pips reward aussiedollar short setup moneyprinting
price is at the top of a descending channel with a previous 2 touches. momentum is also bearish on higher time frames, if AB=CD then high probability of price reaching 161.8 ext in accordance with harmonic structure. MA are in correct positioning and 127 and 161.8 ext are in confluence with previous major support levels on weekly time frame. Risk-reward ratio over 3. stop above previous high 0.7748
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.