AUD/USD – Short-Term SELL set-up – Intraday

AUD/USD has completed Minor Cycle Wave A (black) with a Contracting Triangle in Minuette (iv) (blue) and an Expanding Triangle in Minuette (v) (blue).
There was a Breach of the 0.76600 Levels which confirms an upcoming Down-Trend. The Head and Shoulders Formation is also pointing towards the Bearish Minute Wave a (purple) and there is also a Flag after the Breach, which confirms further weakness in AUD/USD.

Short Scenarios Entry Level – 0.76600

Aggressive:
SL – 0.76810
TP – 0.75900

Conservative:
SL – 0.77000
TP – 0.75200

Safety measures:
– when in profit, move SL in the green or to break even.
– watch for Breach at 0.76300 Levels.
– very Conservative Entry at 0.77000 Levels

* Trade set-up can be considered for Medium and Long Term as well.