Short AUDUSD: Wolfe Wave + 3 Patterns at Trendline Resistance

AUDUSD has entered the PRZ of 3 bearish harmonic patterns. The zone falls in the sell area of a bearish Wolfe Wave and is backed by strong resistance. SL is placed above bat completion. Targets are set at .382 and .618 retracements of CD.

Confluence in the PRZ:

• Bearish bat pattern completion (2X)
  
• Bearish crab pattern completion
  
• Bearish Wolfe wave
  
• Strong trendline resistance
  
• 2.24BC projection
  
• AB=CD pattern completion
  
• 2.24BC projection
  
• 1.618ab=cd
  

Trendline Resistance:

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Kommentar:

Target 1 has been hit - I am leaving the entire position open and moving SL to B/E as I believe this has potential to run to the target line.

Trade geschlossen: Stop wurde erreicht:

SL reached at break even +0 Pips