Get started
UnknownUnicorn180388

AUD.USD - Bearish Bat & Cypher Setup - .7265 & .7253

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
UnknownUnicorn180388 Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
ukforexsignals SELL short Harmonic Patterns AUDUSD audusdshort Bearish Patterns advancedpatten xabcd
83
21
ukforexsignals sell short harmonicpatterns audusd audusdshort bearish advancedpatten xabcd
On the AUD.USD 1hr chart we 2 potential trade opportunity's at the D leg completion of Bearish Cypher & Bat setup.

Bearish Bat Setup ( Blue ) - D leg completion .7265
Target 1 - .7224
Target 2 - .7200

Bearish Cypher Setup ( Grey ) - D leg completion .7253
Target 1 - .7217
Target 2 - .7195

Bearish Bat Setup: Stop loss would be placed above X leg structure resistance .
Bearish Cypher Setup: Stop loss would be placed above X leg structure resistance .
Comment:
This setup is still valid and something to consider into next week.
Comment:
Please note, this setup is still valid until price exceeds both C leg's.
Comment:
AUD.USD - D leg is now complete.
Comment:
Bearish RSI Divergence has now formed.

snapshot
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.