AUDUSD Sell Trade Setup
This pair is in a bearish continuation pattern from a 618 retracement on the 4 hour, A Bearish engulfing candle on the weekly. It is also possibly process of completing a Harmonic Bat Pattern and in the corrective waves currently.
Look for a fib entry or support trend line breakout.
Trade your plan
AndyG
Look for a fib entry or support trend line breakout.
Trade your plan
AndyG
Trade closed manually
The Bat formation did not complete so i traded the breakout to the upside. Never argue with the market .Learn market structure and you will better understand price behaviour.
Trade your plan!
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.