AUDUSD bearish AB=CD Pattern Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Jul 21, 2017 1:45 PM

AUDUSD bearish AB=CD Pattern

AB=CD complete at 0.7933
0.618 also at 0.7933
A Pin bar formed at that level as well

with these three observation we can short audusd

SL 0.7960
TP1 0.7874
TP2: 0.7800

AB=CD

Comments

Gbprider

⋅ Jul 24, 2017 7:21 AM

sl going to hit

i am in buy side since Aud full of bulls moved my tight sl ..

hungbui

⋅ Jul 23, 2017 4:59 PM

Thanks Jack. Your chart is much easier to follow. Great work and I really enjoy your tutorial. Thank you

ANGEL2333

⋅ Jul 22, 2017 2:05 PM

I am happy this was a great weed thanks to your charts..... I appreciate the time you take to share this ......

AlperCanbaz

⋅ Jul 22, 2017 7:01 AM

how u do it ? last tp is A but u show us to 0.78

OrionX

⋅ Jul 21, 2017 5:52 PM

Very helpful analysis and well documented. Xie xie.

Salimo1901

⋅ Jul 21, 2017 4:52 PM

Hi Jack.
I missed the best entry ( now it is : 0.7909 )
Do you think i should wait for 0.793 for example ) ti enter in best R/R ?
In advance thank you

lebric

⋅ Jul 21, 2017 2:10 PM

would you hold your trade over the week end ?? thank you

tntsunrise

⋅ Jul 21, 2017 3:26 PM

@lebric, yes I will

lebric

⋅ Jul 21, 2017 3:28 PM

@tntsunrise, thank you appreciate your response :)