shomonrobie

AUDUSD Short on Symmetrical Triangle/Bearish Sentiment

FX:AUDUSD   Australian Dollar / U.S. Dollar
Sell FX:AUDUSD             after break out blew Symmetrical Triangle
Consolidation for last 7 days, which created a perfect symmetrical triangle. So, price could break out above the desceneding trendline or break below the ascending trendline . Because market sentiment if Bullish for USD; I will sell if price breaks below ascending trendline

Daily Last Candle closed inside the previous Spinning Top ; suggesting bear strength
Base Range of the Symetrical triangle is 115 Pips
So, target also 115 Pips; which is near 1.272 Fib Level

STOP LOSS: 15 Pip above the last Candle
Take Profit: 1.272 Fib Level
Risk Reward: 1.52



Comment: Possible Entry Points after Monday Market Opening.

Comment: I did not place this order as Price did not break below the ascending line!
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