proptrading

Bearish Crab Harmonic Pattern Completion + Wedge + Divergence

Short
proptrading Updated   
FX:GBPAUD   British Pound / Australian Dollar
Wait for stochastic to leave OB zone

Scale out profits past 1st TP on the way to 2nd TP.
You can also adjust your SL to break even after price moves away!

Good Luck Trading!

All the best,

CharlieFX
Comment:
Ignore OB being tagged by a stock, Just wait for stochastic to leave the "Overbought" zone.
Comment:
MACD indicator (Default) showing SELL signal, As I forgot to mention!
Comment:
B= 382 RETRACEMENT OF X-A
Comment:
1st Target Hit
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.