Channel Slide Short on Wave-((C)): #Pitchfork #EW #elliottwave
Hey traders, as stated earlier this week I've been looking for a short on this pair. Aussie has been weak across the board following the RBA announcement and technically speaking this pair has been responding well to channels. I like the bearish pitchfork here to sell against its resistance but only if the support line is broken. This trade aims to capitalize on a wave-((C)) of a potential zig-zag correction. Updates to come. Cheers
Note
Trendline is broken. Let's see if it holds and closes below. Should see some more downside in that case and a potential fill of our short.
Trade active
Beautiful. 
Note
Note
SL Moved to B/E before bed. GN Everyone
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.