On the AUDUSD I was looking to see if we could make a nice waterfall again. Then I spotted this bearish bat pattern, which make a pretty nice entry for this. Entry: 0.73503 Stop: 0.73733 Target 1: 0.72878 = R:RR 2.72 Target 2: 0.72460 = R:RR 4.53
Thanks for your great analysis mate!
Here is my view on AUD/USD.
It is based mostly on Market profile (volume)
If you are interested there are more intraday and swing trading levels in my profile page. You are very welcome there!
Dale
Trader_97
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The bullish trend line was pretty much intact when u went short.Makes no sense to go short until there was a confirmed breakout :/
11021992
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@Trader_97, I entered this short based on the completed bat pattern.
rafaeltrades
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possible head a nd shoulder formation??
11021992
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@rafaeltrades, Yep, let's see if we can break this thing.
rafaeltrades
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@11021992, It seems that h & S confirmed, price going down
@Maryjane, Thanks for sharing, very nice. I saw that one as well on the daily chart. I will post that chart if we have a confirmed breakout on the daily. :)
Here is my view on AUD/USD.
It is based mostly on Market profile (volume)
If you are interested there are more intraday and swing trading levels in my profile page. You are very welcome there!
Dale