AUD/USD ran into sharks

AUD/USD ran into sharks

Recommendation:

SELL 0.773 SL 0.7785 TP 0.76

SELL 0.786 SL 0.7915 TP1 0.773 TP2 0.76

On the daily chart, AUD/USD keeps going to 161.8% and 88.6% targets of the junior “Crab” pattern and the senior “Shark” pattern. They are situated around 0.76. The trend remains descending, so the pullbacks may be used for selling.

AUD1.png 

On H1, AUD/USD can trigger the inverted “Shark” pattern and correct towards its target at 88.6%. To do this, bears need to break the diagonal resistance in the form of the upper border of the downtrend channel.

AUD2.png

aud

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