Home / Geometric Analysis Trade Ideas / AUD/USD: Bearish W Pattern : Targeting 0.7650

AUD/USD: Bearish W Pattern : Targeting 0.7650

By Kenny Simon

 

There is no change to the current bullish AUD view but watch out for the Reversal area marked in blue between 0.7657 to 0.7719. Only if price pierces through 0.7720 psychological level would then proceed above the 0.7730 area showing more strength by the buyers and the up trend would persist.

 AUD/USD Bearish W Pattern : Targeting 0.7650

An ideal selling opportunity would be under the 0.7700 area, the sell order to enter at @ 7690 and TP @ 50% fibs level of C to D.

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