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benalistarfx
Aug 6, 2021 9:33 AM

Potential pennant breakout confirming bat  Short

Australian Dollar/U.S. DollarFXCM

Description

Break to the downside after pennant consolidation which will confirm the higher timeframe Bias.

(If price breaks the weekly low I will scalp down to the D point of the Bat before analyzing price action and then taking a potential long), we're also expecting a bullish movement on USDCAD with a strong flag pattern (These pairs move around 80% opposite with each other) so it's highly likely.
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