About to complete its bearish 3 Drives pattern
My latest analyses on $AUDUSD mentioned the possibility that $AUDUSD will complete a bearish 3 Drives pattern near 0.74 (see bullish scenarios in the linked idea).
Now, following RBA's rate decision, $AUDUSD is very close to the PRZ of this pattern.
The bearish setup:
Sell 0.74 with stop loss above 0.747 (above the 200 SMA line resistance)
Target previous structure resistance (now support) - 0.725
Tomer, The MarketZone
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Now, following RBA's rate decision, $AUDUSD is very close to the PRZ of this pattern.
The bearish setup:
Sell 0.74 with stop loss above 0.747 (above the 200 SMA line resistance)
Target previous structure resistance (now support) - 0.725
Tomer, The MarketZone
Follow me on TradingView
Subscribe to my newsletters - goo.gl/R3gPVE
Follow my blog - goo.gl/78KZsl
Subscribe to my Youtube channel - goo.gl/q8dbyT
