Fxprotrader
Short

AUDUSD AB=CD Completion Open Door To Shorts

FX:AUDUSD   Australian Dollar/U.S. Dollar
532 14 21
In my last post about AUDUSD             i mentioned about a key sell zone that price could enter reatracing after breaking out a corrective structure. I think price has retraced enough and it's about to reverse and head south. An AB=CD pattern is my sell setup. In 1h chart we clearly see a bearish divergence with MACD .
A Different Approach...

snapshot
+1 Reply
Where is your entry?
Reply
jhakas Fxprotrader
69.7 but i keep on buying for short term as well.. from supports.. and out and resistances..
Reply
Do you have a profit target?
Reply
jhakas Fxprotrader
towards 73 and high..
Reply
jhakas Fxprotrader
I think 0.705 will holt downside.. for another move above 71 again..
Reply
jhakas jhakas
halt
Reply
Ok, i see... If we have your scenario we should see a five wave correction which is possible to happen.. If price reaches the trendline i will move my stoploss to BE.. Overall i believe price will go down.. Let's see.. Thank you for your comments..!
Reply
jhakas Fxprotrader
aud, has habbit to consolidate alot.. but if you are trading uj and aud then you know that from last few weeks aud and nzd has co relation with uj due to indices and stocks... and both aud and uj are now coming out of shell.. infact uj is now completely on buy side for more upside.. and uj also has to kiss its broken trendline on weekly tf. which is close to 122 and you can see aud has also to kiss its broken trendline on weekly tf.

snapshot
+2 Reply
yes you are wright every body is looking for this sell setup thanks for sharing
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out