AUDUSD 60min Bearish Trend Continuation Trade (TCT) Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Jan 20, 2016 9:44 PM

AUDUSD is in a downtrend on the Higher Time Frame. After missing the Bat pattern yesterday I'm still looking to get short on this pair. We also have a Fib Inversion lining up in the sell zone.

Target #1 - Retest of Lows

Target #2 - 1.27 Fib Ext of last leg

Stops - 1 ATR above Previous Swing High

Trade active

⋅ Jan 20, 2016 9:44 PM

Trade closed: stop reached

⋅ Jan 21, 2016 7:39 PM

Comments

PateSkpate

⋅ Jan 20, 2016 9:45 PM

I entered short @ .6919

Akil_Stokes

⋅ Jan 20, 2016 10:09 PM

Let's get it!

PateSkpate

⋅ Jan 20, 2016 10:15 PM

Hopefully it pans out! Missed yesterday's TCT move on this pair because I was using the Bat for entry.. Didn't quite make it up to it :(