AUDUSD short setup

10 thg 1, 2017

• ABC formation with a rejection of previous resistance zone which happens to line up with the 61.8% level
  
• Trade entry entered based on bearish candle close on the H4 which, on the H1 and less broke the inner upward trend line and closed below it.
  
• TP lines up with monthly support area and AB=CD leg
  

AUDUSD