AUDUSD, daily tf, bearish shark harmonic pattern
Hello my friends,
Another setup coming today for you is AUDUSD pairs.
As i was looking at this pair, i noticed that price has been moving up in an aggressive way.
AUDUSD soars 280 pips from it lowest point this week which is 0.7000 to 0.7280.
After a rally at this aggresive pace, it usually will be followed by some exhaustion.
I am expecting price to retrace soon because at the same time, it looks like a bearish shark harmonic pattern is completed.
If you look at the 4hr chart, we could see some reversal candle has formed which is hammer candle.
As it was forming near the top of this harmonic pattern, i am taking a conclusion we could see some reversal to the downside soon.
We could try selling AUDUSD for some retracement towards 0.7160-40 area which is the strong support.
If you find this post useful, don't forget to follow me and give me a like.
Stay tuned to my next updates.
Sell AUDUSD 0.7265
Stop loss 0.7300
Take profit 0.7160
RR Ratio 1 : 3 (3R)
Use only 1-2% risk
Good luck
Another setup coming today for you is AUDUSD pairs.
As i was looking at this pair, i noticed that price has been moving up in an aggressive way.
AUDUSD soars 280 pips from it lowest point this week which is 0.7000 to 0.7280.
After a rally at this aggresive pace, it usually will be followed by some exhaustion.
I am expecting price to retrace soon because at the same time, it looks like a bearish shark harmonic pattern is completed.
If you look at the 4hr chart, we could see some reversal candle has formed which is hammer candle.
As it was forming near the top of this harmonic pattern, i am taking a conclusion we could see some reversal to the downside soon.
We could try selling AUDUSD for some retracement towards 0.7160-40 area which is the strong support.
If you find this post useful, don't forget to follow me and give me a like.
Stay tuned to my next updates.
Sell AUDUSD 0.7265
Stop loss 0.7300
Take profit 0.7160
RR Ratio 1 : 3 (3R)
Use only 1-2% risk
Good luck
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.