AUD/USD Short

FX:AUDUSD60

Australian Dollar/U.S. DollarFXCM

Description

⋅ Oct 18, 2016 8:14 PM

Short term short, 2.5 reward ratio, I think not bad, placed sell order at 0.7674 with 0.7624 target

Comments

TerryHarmonicTrading

⋅ Oct 19, 2016 1:18 AM

I am watching this zone slightly higher before considering whether to go short on it.

Njvest

⋅ Oct 19, 2016 1:22 AM

Thanks Terry, u seem to be right, up move is still strong, If I get stopped out I will try from higher zone again

TerryHarmonicTrading

⋅ Oct 19, 2016 1:25 AM

For a shark, the BC extension has to hit a minimum of 1.618, this is why I am looking at just above $0.77.

Your pattern is not a correct shark.

Can check the measurements at link below.

harmonicforex.com/the-shark-pattern

Njvest

⋅ Oct 19, 2016 1:41 AM

thanks for the link, my stop is tight anyway, trade active so far. Will try from .77 to short if I loss this one. What do u think about USD/JPY in short term?