Here we are looking at AUD/USD again but this time on a 2h chart with an extended harmonic pattern, this is a perfect shorting opportunity. Previously I posted an extended pattern for this pair which was highly profitable, this can be found in the related ideas section below.
We are currently trading within a range which has formed a valid AB=CD pattern, in addition we are also approaching the overbought region on all relevant time frames for RSI, I'll be expecting price to stall out followed by a sharp move to the downside.
We are currently trading within a range which has formed a valid AB=CD pattern, in addition we are also approaching the overbought region on all relevant time frames for RSI, I'll be expecting price to stall out followed by a sharp move to the downside.
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