AUDUSD - Bearish Shark completion 0.7030 - 0.7035

2 days back, I outlined my strategy for trading Aussie, I was expecting a bounce if price breaks the down-sloping trendline.

it finally broke above the trendline last week and AUDUSD is now completing the C-D leg of the shark pattern.

PRZ1 is around 0.7030-0.7035.
PRZ2 is around 0.7060

Shark has multiple PRZs, the critical part is about when to execute the trade.

A simple trigger I use is to wait for a break of up-sloping trendline connecting the lows along C-D.

Once it breaks below this trendline, i will go short.

If RSI shows a divergence or a RSI bamm, this short trade will likely have a higher chance of success.

Stops has to go above XC 1.27, targets will be at CD 0.50 and 0.886.

Good luck and good trading everyone!
AUDUSDHarmonic PatternsrsibammsammShark

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