The EURUSD pair has been gaining some pips and seems to try to reverse the downward trend.
I drew in this bat pattern on a Renko chart because it looks a bit cleaner than on the standard candle chart. Completion as always for a bat pattern is at the .886 retracement of the impulse leg.
You'll see that I drew in 2 X-points to show that it doesn't really matter...
Short Trade....Triple Top?
I think it may be a bit late to do this however I have been thinking about shorting the AUDUSD all morning.
I think that it is still a good short and you can still make a further 40-50 pips.
I would looking to get in at around 0.87900 (if it comes back).
If it doesn't then afraid this position may be too late.
As I wrote this...