AUDUSD:Bearish AB=CD Pattern and the 1.618EXT
The bearish AB=CD pattern has completed at 0.726 level and the 1.618EXT of AB is at 0.727 level.
Meanwhile the important resistance is also at this level.
So it is good to sell short at 0.726-0.728 levels when the price action gives signals in the PRZ.
SL:above 0.730
TP1:0.724
TP2:0.720 and further more
Meanwhile the important resistance is also at this level.
So it is good to sell short at 0.726-0.728 levels when the price action gives signals in the PRZ.
SL:above 0.730
TP1:0.724
TP2:0.720 and further more
Trade active
Trade closed: stop reached