AUDUSD ASCENDING BEAR TRIANGLE (WEEKLY)
AUDUSD formed a rather large triangle,
the breakout is imminent as spikes and price action are confirming the reversal.
The big picture showing that this is just waiting to explode to the downside with key levels put in place.
3:1 risk reward with firm not trailing stops. MA's also confirming this downtrend on smaller time frames 1/4/8 and daily all showing a cross in ma's.
the breakout is imminent as spikes and price action are confirming the reversal.
The big picture showing that this is just waiting to explode to the downside with key levels put in place.
3:1 risk reward with firm not trailing stops. MA's also confirming this downtrend on smaller time frames 1/4/8 and daily all showing a cross in ma's.
Comment:
Trade closed on Friday 30th. 5.8% gained on this 8 week held trade.