AUDUSD: 2:1 and 8:3 Reward-to-Risk Opportunity, but I don;t believe it; however, it doesn't matter what I believe. What matters is that this is a supply zone. I put my orders in and I will watch it fall again.
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Big push back into the supply zone or equilibrium area. This shows that the initiative move away was not good enough. I took another short based on a smaller pattern within the supply area. Maybe this time it will fall to a daily target by the end of Q 2017 a 0.7410 for just 300 pips. The end of March or April is more ideal: