AUDCHF shows a bearish bias based on:
(1) Bearish Divergence
(2) AB=CD Pattern (Reversal)
(3) Double Top Reversal
(4) Dow Bearish Continuation (LLs and LHs)
(5) TP at Fib Level 50% and 61.87%
Trade Plan (Bearish Bias)
SL: Previous HH
Entry: Sell at CMP
TP1 and TP2: 1:2 reward.
Note: If not confortable with TP2, you can go for only one TP1 or upto 50% fib....
Triple Top Reversal pattern is strong indication of bearish movement until first TP1 support level. Keeping volume of bearish candle, TP2 is also potential target. What do you think?
