hey guys,
on audusd pair we see a very nice harmonic abcd pattern.
what I like about this abcd pattern is that it perfectly matches with a significant level of structure looking left.
however, being a conservative trader I will be looking for a confirmation on a lower timeframe.
on 30M chart we have a consolidation around 0.716 level and formation of a double top
I will be looking for a bearish violation of local support to sell the market
targets are based on structure,
however you can be more aggressive and set you initial target based on the market low
good luck!
Note
Hit t1Trade closed: stop reached
after hitting t1 we are stopped out
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✅Join My Telegram Channel: t.me/VasilyTrading
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✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
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⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.