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Dragon_Investments
Nov 6, 2020 4:05 PM

BEARISH SHARK Short

Australian Dollar/U.S. DollarFXCM

Description

The aussie has formed a bearish shark, the rsi is signalling a bearish move because it is in an overbought conditions, the previous 2 signals worked perfectly. I think that price might easily reach the 50% fibo retracemnt of the last leg of the harmonic pattern, so I mean 0.7145.
That is the first take profit
second take profit : 0.7100 which is 61.8%
LAST take profit (close half position at tp1 or tp2): 0.70058
STOP LOSS: 0.7345
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