Hey guys, if you have been following my analysis, there is a trend you will see.
1. I always follow up on my analysis
2. It is systematic with a proven trading system which is Harmonics + Price Action
Observation
1. NFP failed to push AUDUSD to my short target around 0.7750.
2. It created a nice double top which also has a bearish divergence in RSI
Pattern identification
1. Bat pattern at 0.7560
2. Alt-Bat pattern at 0.7540
The way patterns play out, this pattern could complete at the 2 prices I listed.
Execution
1. Wait for price to come down and enter 1/2 my usual trading position at 0.7560 and 1/2 and 0.7540. (Risk 1/2 percentage each)
2. SL will be at 0.75 with profit targets still at my longer term short target 0.7750.
3. Great R:R trade for your consideration
1. I always follow up on my analysis
2. It is systematic with a proven trading system which is Harmonics + Price Action
Observation
1. NFP failed to push AUDUSD to my short target around 0.7750.
2. It created a nice double top which also has a bearish divergence in RSI
Pattern identification
1. Bat pattern at 0.7560
2. Alt-Bat pattern at 0.7540
The way patterns play out, this pattern could complete at the 2 prices I listed.
Execution
1. Wait for price to come down and enter 1/2 my usual trading position at 0.7560 and 1/2 and 0.7540. (Risk 1/2 percentage each)
2. SL will be at 0.75 with profit targets still at my longer term short target 0.7750.
3. Great R:R trade for your consideration
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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.
Related publications
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.