Daniel.B

Another AB=CD formed

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Well another short opportunity that I see with an AB=CD pattern. I have a short order at at the 61.8% Fib (0.8139) Explained the technical aspect for the trade on the chart =D Meets my personal guidelines in regards of Risk/Reward for entering trades. A/U is still bearish as it continues to make lower highs, and lower lows, so lets see if price agrees with the trade =D As always, happy trading traders ;D

TP = Take Profit Zone
Fib extensions are from the A-B Leg of the pattern.