AUDUSD - completing a bearish Shark pattern at a Round number

As we all know, round numbers are natural support and resistance levels.

I see the pair completing a Bearish Shark pattern at 0.8100
- The H1 and H4 RSI already at the overbought zone
- D1 RSI approaching the overbought zone
hinting to us of a potential reversal

Note : FOMC announcement tonight at 2am (Singapore time)

Bình luận:

I was not in the trade. Parked my orders before going to sleep last night but it was not filled. Probably because of the spreads. My limit sell was at 0.8103 (missed)

100 pips down already. Look at the power of Harmonic Patterns !!!

Move on and look for another setup.