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shomonrobie

Buy AUDUSD King Crown Formation, Counter Trendline Break

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
shomonrobie Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
audusdlong counter_trend_line_break 618retracement kingscrown-reversal Support and Resistance
6
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audusdlong counter_trend_line_break 618retracement kingscrown-reversal supportandresistance
Buy AUDUSD
Back Side of the Trend Line
Kings Crown Formation/ Possible Reversal
Previous Resistance becomes current support
Price Retraced from .618 Pivot Point
Price Broke above consolidation and previous resistance
Right now retesting the break

IF SUPPORT (GREEN BOX), AND THERE IS BULLISH CANDLE STICK FORMATION AND PRICE MOVES ABOVE COUNTER TRENDLINE ( Red), I will buy this pair

Risk 10 Pips below resistance (red box)
Target 1: 1.272 fib extension
Target 2: 1.618 fib extension



Trade closed: target reached

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