AUDUSD: Two setups in either direction

Australian Dollar/U.S. DollarFXCM

Description

⋅ Nov 2, 2015 3:57 AM

We have two potential setups on AUDUSD. Should price retrace towards the 0.7207 region, we can potentially look for a short setup.

Should price continue to fall towards the 0.6985 region, we have a potential Bat pattern setting up.

Trade active

⋅ Nov 3, 2015 6:06 AM

Bearish Structure trade is currently active.

Comment

⋅ Nov 4, 2015 8:50 AM

Those who missed it, we have a double top divergence on H1 as well.