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Long

UPDATE: AUDUSD: Daily Chart Bearish Butterfly and Bat **INVALID*

FX:AUDUSD   Australian Dollar / U.S. Dollar
UPDATE: With the breaking and closing below of the X point in both these patterns, they are both now INVALID and should not be considered for trading. Best to wait and see what develops from here.

I published this chart on another posting on this pair (see Related Ideas: AUDUSD: Dueling Cyphers and All That Jazz! Top-down analysis....). You can go to that chart to read my in-depth analysis on this pair. I am publishing this DAILY Chart for everyone's ease of reference if you are following my trading ideas.

Keep in mind that this is DAILY chart so these patterns may take a while to complete...IF they do. A LOT can happen to change things!

This is just my analysis and what I am expecting to happen. Feel free to use my analysis BUT plan your own trades according to your own trading plan.
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