AUDUSD: Triple Top (100 Pips)


Master Trader
Jun 26, 2009
AUD\USD has created a wonderful pattern at the hourly chart - a precise Triple Top at the highest high. This pattern, especially at this location, can lead to an overall shift of trend to a strong bearish movement. Pattern is 100 pips in size and neckline is positioned at 0.9200.

Trading: Aggressive traders will enter short at breakout, conservative ones will wait for pullback. This should be a very profitable trade with high Risk:Reward.

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