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msohaibkhan

AUDUSD - Bearish trend to continue

Short
Australian Dollar / U.S. Dollar (PEPPERSTONE:AUDUSD)  
msohaibkhan  
PEPPERSTONE:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns
2
0
trendanalysis harmonicpatterns chartpattern
It has made a series of LL, indicating the continuation of the bearish trend. Fibs at 0.382 and the bearish trendline is coinciding, further confirming the looming continuation of the bearish trend. Further confirmed that RSI doesn't suggest any divergence. Taking entry by putting sell limit order at the trendline and 0.382 fibs. SL above last LH and TP 1 & 2 at 1:1 and 2:1 R/R ratio respectively.
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