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X87
Nov 30, 2016 1:00 AM

Triple top ..... Short

AUD/USDOANDA

Description

After a sharp bearish impulse experienced after US election, we´re experiencing the proper correction. As part of it we can see now a bearish harmonic pattern butterfly, as well as a triple top (pin line). Our trade confirmation is located at the 0.74240 level, and our first target TP1 will be 46% or 0.73950 an then continue to complete the bear harmonic pattern reaching TP2 0.73090. In the long run, technical analysis is still showing bear after reaching channel top target 0.71240.
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