FX:AUDUSD   Australian Dollar / U.S. Dollar
At market bear cypher advanced formation is completed. It is seen by wpr(14,-20,-80), stochastic (5,3,3,70,30) and prex(10) reversal algorithms. Oscillator wave confirmation algorithms are frequently used by Ellioticians, and prex algorithm is a universal algorithm used by the majority of traders.

If you have this pattern in your trade plan then...

sell in 0.7130-0.7177 zone. if the zone is crossed then the pattern didn't work. first target is 0.7090, second target is 0.7063. The targets are adjusted if price action goes deeper into the yellow zone(restretch the fibs to fit priceaction and find new 0.382 and 0.618 levels).
This pattern was found by the MPS-v5.5 pattern recognition software: https://mps-trade.com

My YouTube channel: https://www.youtube.com/user/alexniquitos/
I have been looking at this also. I am looking for the general trend. After today we might see a reversal, or we are at the top right now, and it will continue down in the coming day/after the weekend.
Hi Alexander

What are your thoughts on the Aud-US outlook for the remainder of 2018?
@Fearghal1982, hello. I am not having thoughts at all. if I see a pattern then I trade it. if there's no pattern then I do nothing.
STOP LOSS...bad trade
@RomanZachary, why did you trade it if it was bad??
I disagree mate..take the weekly chart..it was on accumulation zone for days..trend is changing with HH and LL.
Alexander_Nikitin aristotelis.tso
@aristotelis.tso, weekly and 240 are different charts.
aristotelis.tso Alexander_Nikitin
@Alexander_Nikitin, It will retrace for sure around 71..let's see
Alexander_Nikitin aristotelis.tso
@aristotelis.tso, nobody knows the future. it may go up as well as it may go down.
+1 Reply
blankz369 Alexander_Nikitin
@Alexander_Nikitin, #" The perfect answer doesnt exist"
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