Looking to get into a longer term sell on AUD/USD and this looks like a nice opportunity to enter. There is also a small bearish AB=CD which completes right below this level so if it appears price is rejected from that level instead I may enter.
If neither pattern completes I will look to enter short on a clear breakout of the little flag that is forming.
Trade active
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Shorted Australian Dollar Futures Contract @ 0.7669 (I learned to place below a round number some time ago, and wanted to make sure I got in on this trade). Wish me luck!
Comment
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A second, larger bat appears to be forming...I am still in the trade