AUD.USD - Bearish Bat & Cypher Setup - .7265 & .7253
Updated
On the AUD.USD 1hr chart we 2 potential trade opportunity's at the D leg completion of Bearish Cypher & Bat setup.
Bearish Bat Setup ( Blue ) - D leg completion .7265
Target 1 - .7224
Target 2 - .7200
Bearish Cypher Setup ( Grey ) - D leg completion .7253
Target 1 - .7217
Target 2 - .7195
Bearish Bat Setup: Stop loss would be placed above X leg structure resistance .
Bearish Cypher Setup: Stop loss would be placed above X leg structure resistance .
Bearish Bat Setup ( Blue ) - D leg completion .7265
Target 1 - .7224
Target 2 - .7200
Bearish Cypher Setup ( Grey ) - D leg completion .7253
Target 1 - .7217
Target 2 - .7195
Bearish Bat Setup: Stop loss would be placed above X leg structure resistance .
Bearish Cypher Setup: Stop loss would be placed above X leg structure resistance .
Note
This setup is still valid and something to consider into next week.Note
Please note, this setup is still valid until price exceeds both C leg's.Note
AUD.USD - D leg is now complete.Note
Bearish RSI Divergence has now formed.
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