It has been a good 2 weeks since I last posted an idea. Had to travel to the US for business (not to meet the presidential candidates!) and didn't want to trade during the election week which was a good idea.
Now that the dust has settled, I am hoping to catch a big move on AUDUSD. I see a bat pattern coming at the 0.7750 level on the H1. There is such a strong resistance that you feel AUD needs to fall soon to follow the other USD pairs.
I will look for a reaction to short at this level.
Now that the dust has settled, I am hoping to catch a big move on AUDUSD. I see a bat pattern coming at the 0.7750 level on the H1. There is such a strong resistance that you feel AUD needs to fall soon to follow the other USD pairs.
I will look for a reaction to short at this level.
Order cancelled:
The pair hit the conf level at Fib 7 and fell like a rock. Won't be watching this pair anymore and may turn long around 0.75