Hey guys, if you have been following my analysis, there is a trend you will see.
1. I always follow up on my analysis
2. It is systematic with a proven trading system which is Harmonics + Price Action
Observation
1. NFP failed to push AUDUSD to my short target around 0.7750.
2. It created a nice double top which also has a bearish divergence in RSI
Pattern identification
1. Bat pattern at 0.7560
2. Alt-Bat pattern at 0.7540
The way patterns play out, this pattern could complete at the 2 prices I listed.
Execution
1. Wait for price to come down and enter 1/2 my usual trading position at 0.7560 and 1/2 and 0.7540. (Risk 1/2 percentage each)
2. SL will be at 0.75 with profit targets still at my longer term short target 0.7750.
3. Great R:R trade for your consideration
1. I always follow up on my analysis
2. It is systematic with a proven trading system which is Harmonics + Price Action
Observation
1. NFP failed to push AUDUSD to my short target around 0.7750.
2. It created a nice double top which also has a bearish divergence in RSI
Pattern identification
1. Bat pattern at 0.7560
2. Alt-Bat pattern at 0.7540
The way patterns play out, this pattern could complete at the 2 prices I listed.
Execution
1. Wait for price to come down and enter 1/2 my usual trading position at 0.7560 and 1/2 and 0.7540. (Risk 1/2 percentage each)
2. SL will be at 0.75 with profit targets still at my longer term short target 0.7750.
3. Great R:R trade for your consideration
