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Mikoxl.
Mar 27, 2014 10:19 PM

Building a case for shorting the AUDUSD (potential bearish bat) Short

Australian Dollar/U.S. DollarFXCM

Description

Building a case...

- A press back into previous support/resistance,
- Previous support/resistance zone lines up with a 61.8% retracement at 0.9337
- A potential bearish bat (with X from the intermediate move) with a completion at 0.9317
- An ABCD pattern with a completion zone between 0.9317 and a 0.93079
- RSI is oversold

Combining this information gives me an interesting PRZ to keep an eye on.
Comments
Mikoxl.
OW WOW! I forgot this post... But, if you were a very very very long term trader, you would have made money!
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