I have been hedging this pair against the USDJPY
for the past two weeks and have had a ton of success. I was stopped out of the AUDUSD
for a small loss (massive win on USDJPY
when it tanked) but was able to get back in on this MASSIVE pattern with a ridiculously awesome R/R. Nevertheless we are near the original completion point for this pattern, and due the the high success rate of these patterns I would look for a way to get in (as long as it fits your trading plan!) cause I think we could head past the .382 if the USD can gain some strength!
Stops are currently set at .7660 for 74 pips of profit (always protect your money!)