Get started
QuileHills

Potential ABCD Pattern Forming on AUDUSD

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
QuileHills Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
23
3
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.
Comment:
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.
Comment:
Plan... Not plant. Don't trade with plants unless you're a horticulturalist.
Comment:
Profit secured on position shown in comments with 90 pip trailing stop
Comment:
Subscribe to my system, PipSqueak on myfxbook.com to automatically copy my trades for my trading strategy focused on long term sustainable growth www.myfxbook.com/mem...de/pipsqueak/1583597
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.