QuileHills
Short

Potential ABCD Pattern Forming on AUDUSD

FX:AUDUSD   Australischer Dollar/U.S. Dollar
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I'm going to watch for 4H RSI divergence around the D point (which is in the same area as my two trend resistances) to enter short.
Kommentar: As my good trading friend BLUE43 pointed out, there is another, larger ABCD pattern potentially forming. I'll post the chart in the comments section below. Be sure to confirm the resistance at D point and use a smart SL which fit's your plant and risk tolerance.
Kommentar: Plan... Not plant. Don't trade with plants unless you're a horticulturalist.
Kommentar: Profit secured on position shown in comments with 90 pip trailing stop
Kommentar: Subscribe to my system, PipSqueak on myfxbook.com to automatically copy my trades for my trading strategy focused on long term sustainable growth https://www.myfxbook.com/members/autotrade/pipsqueak/1583597
+1 Antworten
Bonavest QuileHills
Yes... this chart ^. I was going to say that 0.8000 has a nice R1 Resitance Level on the Yearly Pivots and a 0.7700 R3 Level on the Monthly Pivots.
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