AUDUSD Daily Chart approaching Resistance

What the chart is showing us:
- AUDUSD approaching resistance at the 0.7700/50 levels
- Friday candle closed and formed an inverted hammer
- RSI just about touching the OB levels
- Completed a Harmonic bearish Bat pattern

Potential targets down at 0.7500 (support/resistance zone)
Let's see how the price moves at the start of the week

Zlecenie aktywne:

Current moment the Daily chart looks like an Evening Star.
Triggered a sell as the price went below the low of the Star at 0.7669

Komentarz:

Again my favourite phenomenon happens : Support turn Resistance

Zlecenie aktywne:

Again price got resisted at 0.7670 and dropped like a rock.
0.7600 seems to be the current support now

My trade is running at +53 pips profit currently
Shifting the SL to break even and the trade is a Risk Free trade

From the Harmonic Patterns TP, 0.7566 is the first target

Zlecenie zamknięto ręcznie:

Woke up this morning and saw that price was not going anywhere since last night.

Closed off the trade with +52pips.
I am ready to re-establish the short if AUDUSD makes a new low. Will monitor and post as new idea if this happens