Get started
MikulovicFOREX

Bearish .786 Retracement

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
MikulovicFOREX  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Bearish Patterns 786 retracement hidden Divergence
2
1
trendanalysis chartpattern indicator bearish 786 retracement hidden divergence
Why sell?

  • bearish 78.6% retracement
  • bearish hidden divergence

Trading Plan:

Break of .382 projection triggers sell limit orders at .236 and .114 projections
Stops 2 pips above the highs + spreads
Target 1.618 projection

Trade details highlighted on chart.

Good luck to everyone trading AUD/USD!
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.