FX:AUDUSD   Australian Dollar / U.S. Dollar
TCT
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tct
AUDUSD             is in a bearish trend , and therefore I am looking for short opportunities.
I've predicted a killzone or a potential reversal zone indicated by the blue square.

We have an AB=CD pattern completing in that zone, and we also have a confluense of 1.414 (minor) fib extension measured from my A-B of the AB=CD pattern, and a 0.618 retracement measured from the previous move down and into my A point. I also had some more confluences in this level, but I deleted them to not clutter up the chart too much.
Last, but not least, we have structure at the bottom of the square.

I'll be keeping an eye on this zone if price reaches it looking for bearish opportunities. Hoping to catch a move further down in alignment with the overall trend.

Be aware, though. FOMC today.
And as always; Always conduct your own analysis before placing a trade.
Trade active: Entered on Doji.
Trade closed: stop reached
Just wanted to throw this one in. If price continues in a bearish direction, there's a Cypher completion waiting further down.
I'd like to point out that this Cypher firstly is against the overall trend, and that there are multiple structure levels in it's path to the left.
If you have a rule of taking all patterns no matter what, there's an opportunity there. But please, conduct your own analysis.


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