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 .
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This setup is still valid and something to consider into next week.
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Please note, this setup is still valid until price exceeds both C leg's.
Hello Tom! Is the Bat Setup still valid ? It was close on hitting its C Leg. Cheers!
UnknownUnicorn180388
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@Klassix, Yes the setup is still valid aslong as it doesn't exceed the C leg.
taksistalo
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Thanks for Sharing Tom, lets see what we can do here =) Both patterns rules confirm the structure, looking maybe for some small scalp long opportunities
4 hour looks good, looks like price willing to go higher
UnknownUnicorn180388
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@taksistalo, Nice charts mate, let's see how it works out into the London session.
taksistalo
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Little add, on the daily targets might be even higher 618 gets with some major trend lines in one area, lets see..will know in New Year, Happy upcoming new year mate!!!
UnknownUnicorn180388
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@taksistalo, I like your outlook mate, great work.
You too I hope you have a good new year.