AUDUSD Long & Short Opportunity

So After getting involved in the structure based short which coincided with the Gartley on the 240, we predicted where market was likely to react and we had a 618 retracement which lined up with a 127 extension and you can see market bounced off of this level.

The great thing about consistently doing your market analysis is it enables you to be ahead of the markets.
So if market pushes up, we have a bearish Bat pattern at 7246, but if the market pushes down then where is the next best long opportunity?

Well we have a potential Fibonacci inversion trade setting up down at 7100 which happens to be an even handle number lining up with previous structure, an ABCD completion, a 786 retracement and if you trade harmonic patterns, then there is a bullish bat pattern waiting for you down at 7090.


We will be looking at this pair in more detail this morning looking to get involved. See you in the live room.


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Comment:

Bear Bat Entered at 7246 Target 1 hit for 30 pips Stops rolled to Break Even. Looking for target 2 at 7191