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.
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.
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.
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.
