KVE

AUD/USD: Short with butterfly or bat...

Short
KVE Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
13
Looking to short if the butterfly completes around the down trendline.
Sell order with tight SL or better yet, wait for confirmation...

If it breaks the trendline then we might be on the way to complete a bearish bat at a higher level...
Comment:
Cancelling the butterfly setup, since the timeframe is off now.
Possible short opportunity at 61.8% and trendline confluence, but only after confirmation.

Bat is still valid
Comment:
Updated idea on the bat (+ short at trendline still possible...):
Order cancelled:
Bat fell short, reversed sharply at 0.786, which is Gartley PRZ... (0.558B was of course close to 0.6181 also), will keep this in mind for future setups.
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.