AUDUSD - SHORT - Possible crab pattern forming
Good day Ladies and Gents,
It has been a while since I have taken a look into the H1 TF charts. Lo and behold, I have found a possible short position for AUDUSD.
Short trade once candle closes below 0.73600. SL will be at 0.73806 and TP at 0.73356 (conservative) or 0.73263 (slightly aggressive).
Happy trading everyone.
***************DISCLAIMER*****************
These are just my personal trading ideas and should not constitute as trading recommendation or advice for anyone.
It has been a while since I have taken a look into the H1 TF charts. Lo and behold, I have found a possible short position for AUDUSD.
- in 1HR TF, price is below both SMA 200 and EMA 50 showing downtrend. This is also confirmed in the Daily and Monthly TF.
- There is a possible crab harmonic pattern forming with the D leg yet to be completed.
- Strong resistance at 0.73600.
Short trade once candle closes below 0.73600. SL will be at 0.73806 and TP at 0.73356 (conservative) or 0.73263 (slightly aggressive).
Happy trading everyone.
***************DISCLAIMER*****************
These are just my personal trading ideas and should not constitute as trading recommendation or advice for anyone.
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