AUDUSD Analysis: Printing Rising Wedge AUDUSD broke and tested the triangle. Aussie rejected 0.68200 and made the double top. We see a rising wedge pattern on the smaller chart timeframes. Trade setup based on the rising wedge pattern is as follows: Pattern /Reason: Rising Wedge Pattern Time Frame: M30 Accuracy of the Pattern: 76% Setup No: AUUS081601 Recommended Lot: 0.40 at 10K Trade Period: Intraday / Midterm Active/Pending: Pending / Activated at 20600 Trade: Short Entry: 0.67700 ( Safe Entry H1 Closing below 0.67640) Stop Loss: 0.68000 TP1: 0.67500 TP2: 0.67350 ( You can add short at the breakout 0.67350) TP 3: 0.67200 TP3: 0.66800 Warning and Things to Pay Attention: Harmonic Patterns are reversal patterns and mostly against the main trend on the chart they appear. Target levels are determined by MM Calculation as the pattern has not been completed yet. They may vary 3-5 pips according to the completion level of the predicted patterns. Pay attention to Time Frame, Trade Period and Estimated Completion Time, Accuracy and Recommended Lot Size clauses mentioned below. Do not risk more than 2% in one trade setup. We usually book partial profit at the first target and move our stop loss to entry or break-even level. Use your own risk/profit management to exit the trade. We are publishing potential opportunities. There are no certainties and traders bets on possibilities. Read the setup carefully before entering a trade and take your own decision. VIEW THE FREE CHARTS VERIFIED ACCOUNT AND SETUP RESULTS Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro. CURRENCIES FORECAST COMMODITIES FORECASTS PATTERN SETUP NEWS SUBSCRIBE Discord Channel You can contact us via Skype User Name: Chartreaderpro DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money AUDUSD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility
