Short AUDUSD: Wolfe Wave + 3 Patterns at Trendline Resistance

3 Nov 2015

AUDUSD has entered the PRZ of 3 bearish harmonic patterns. The zone falls in the sell area of a bearish Wolfe Wave and is backed by strong resistance. SL is placed above bat completion. Targets are set at .382 and .618 retracements of CD.

Confluence in the PRZ:

• Bearish bat pattern completion (2X)
  
• Bearish crab pattern completion
  
• Bearish Wolfe wave
  
• Strong trendline resistance
  
• 2.24BC projection [bat]
  
• AB=CD pattern completion [bat]
  
• 2.24BC projection [bat]
  
• 1.618ab=cd [crab]
  

Trendline Resistance:


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3 Nov 2015

Catatan

Target 1 has been hit - I am leaving the entire position open and moving SL to B/E as I believe this has potential to run to the target line.

4 Nov 2015

Trading ditutup: stop tercapai

SL reached at break even +0 Pips