Snehath

My plan for AUDUSD in Week 21

FX:AUDUSD   Australian Dollar/U.S. Dollar
6 months ago
AUDUSD             is on the downtrend so I am looking to short this wherever possible.

However there is a long alternate bat pattern coming at last week low of 0.7175 area. If this is triggered then we have a long trade for about 100 pips. This would like to a likely gartley pattern to short as shown in the chart.

Let's see how this pans out next week.
6 months ago
Order cancelled: I didn't take this trade for 2 reasons.

1) The red line was pierced with a bearish bar that invalidated the pattern.

2) I posted an idea on NZDUSD which was in line with my analysis 2 weeks ago.
marcus1983
6 months ago
Not waiting for C and D to complete then short at D?
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Snehath marcus1983
6 months ago
I am hoping it will come down to 0.7185 (Small D, but Big C) to buy and then sell at 0.7280 (Big D). But I have no idea if it will work out this way.
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