Short opportunity on AUD\USD, ABCD Pattern

AUDUSD

Looks like an ABCD pattern, I will wait until price breaks below trend-line and enter short placing stops above LH. I set three targets corresponding to Fib retracement levels.

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We have to be patient here,trend line still hadn't been broken, Aussi slowly climbs higher, probably will rewrite local high. My basic strategy for this pair remains unchanged, there is still a good chance that ABCD pattern will realize itself.

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Entered short, s\l at 0.7850 targets as pictured

Trade stängt: Stopp nått