Potential ABCD Pattern Forming on AUDUSD
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.
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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.
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Plan... Not plant. Don't trade with plants unless you're a horticulturalist.
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Profit secured on position shown in comments with 90 pip trailing stop
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