AUDNZD Short Position
Price Entry: 1.07760
SL: 1.08079
TP: 1.07106
Harmonic Pattern Completed at 61.85 retracement level drew from C to D
Now we are seeing a push from the bulls but struggling to break the 1.07740 level - we have seen price touch three times without breaking
Raising wedge now formed indicating a Strong sell coming
Double top also backs this up
When fib retracement drawn from Level D to the lower high we can see price not being able to break 38.2% level - showing a potential reversal back to bottom trend line
Taking profits at next significant level to wait and see if price can break this area, if so i will place another sell position and set tp around the bottom trend line
Risking 5%
Price Entry: 1.07760
SL: 1.08079
TP: 1.07106
Harmonic Pattern Completed at 61.85 retracement level drew from C to D
Now we are seeing a push from the bulls but struggling to break the 1.07740 level - we have seen price touch three times without breaking
Raising wedge now formed indicating a Strong sell coming
Double top also backs this up
When fib retracement drawn from Level D to the lower high we can see price not being able to break 38.2% level - showing a potential reversal back to bottom trend line
Taking profits at next significant level to wait and see if price can break this area, if so i will place another sell position and set tp around the bottom trend line
Risking 5%
Trade closed: stop reached
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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.
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.