AUDUSD - Bearish shark in play, sell zone around $0.7750
Hey guys, this is my view on AUDUSD.
It is likely that USD correction continues next week sending XXX/USD pairs higher.
Based on harmonic patterns, I expect AUDUSD to continue moving up to 0.7750 to complete a bearish shark pattern.
I will enter short on AUDUSD if price rejects the sell zone at 0.7750 in orange.
0.7750 is a great level to sell as it also coincides with the high of November 2016.
Do not use a pending order.
This trade might or might not complete next week, in the lower timeframe, I will look for buy setups all the way to 0.7750.
EP: 0.7750
SL: 0.7850 (100)
TP: 0.7320 (430)
It is likely that USD correction continues next week sending XXX/USD pairs higher.
Based on harmonic patterns, I expect AUDUSD to continue moving up to 0.7750 to complete a bearish shark pattern.
I will enter short on AUDUSD if price rejects the sell zone at 0.7750 in orange.
0.7750 is a great level to sell as it also coincides with the high of November 2016.
Do not use a pending order.
This trade might or might not complete next week, in the lower timeframe, I will look for buy setups all the way to 0.7750.
EP: 0.7750
SL: 0.7850 (100)
TP: 0.7320 (430)
