tommyb35

Why I love Consolidation!

FX:AUDUSD   Australian Dollar/U.S. Dollar
There are 3 potential patterns setting up on the AudUsd             15min chart. There is a bullish cypher pattern that can complete @ .74530. Then there are 2 potential bearish patterns, you can take the cypher @ .74985 which is the higher probability trade, or you can wait for the bearish bat @ .75055 which provides the better risk/reward ratio. Whatever is in your plan, if you trade bats and cyphers you definitely should be on the look out for these setups.

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