AUDUSD Prediction...Hey all,
Been watching this Potential Bat pattern for a while now. Recently we have had a break of structure to the upside indicated by the break of the first green box, and we are now retracing back down into it. I would now be expecting the market to again make a NSH into the bat completion zone, before rolling over for some profits. If we get up there that is our plan, and if it never does it then we simply don't take a trade and look for another opportunity.
Fibsii Team
Tradeempowerea
AUDUSD Potential CypherHey all,
With the recent shift in momentum on AUDUSD, the C-D leg on a bullish Cypher has almost completed. I have my limit orders set incase this pattern completes overnight. Looking for a 2 target TP, given the inverse R:R. Remember however, Cypher patterns have a high expectancy even though they sometimes have an inverse Risk Reward.
Will be paying attention to this throughout the week,
Fibsii Team