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Lionheart-EWA
Feb 10, 2017 12:57 PM

AUD/USD - Short Term SELL - Bearish Breach Scenario Short

AUSTRALIAN DOLLAR / U.S. DOLLARICE

Description

AUD/USD is about to finalize a Contracting Triangle within Subminuette Wave x and should trigger a Bearish Subminuette Wave y in order to finalize the wxy Complex Structure in Minuette Wave (iv).
In other words, a Breakout is approaching.
There is also a Harmonic Bearish Pattern present within the Contracting Triangle.

Short Position:
Entry - 0.76650
SL - 0.77000
TP - 0.76000

* Conservative way of trading this Breakout would be to wait for the actual Breach and then look for a Flag Formation.
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