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themarketzone

About to complete its bearish 3 Drives pattern

Penjualan
Dollar Australia / Dollar AS (FX:AUDUSD)  
themarketzone  
FX:AUDUSD   Dollar Australia / Dollar AS
AUDUSD aussie Three Drives Harmonic Patterns
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audusd aussie threedrivespattern harmonicpatterns
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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Can Aussie continue towards 3 Drives pattern completion?
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