AUDUSD Selling flag

21 ม.ค. 2017

Hello everyone here i am looking to sell this pair based on harmonics as well as structure. As you can see, price tried to break the ascending channel to the downside forming a bearish flag pattern on the bounce which might indicate further bearish momentum since flag is a trend continuation pattern. Also we have a bullish butterfly pattern which might be starting its CD leg on the breakdown of the flag. We are only interested in entering this pair if there is a breakdown of the flag to the downside.
Cheers