AUDUSD might be completing a bearish bat in the coming week.
Whether this pattern completes has to depend on the NFP data tomorrow.
It is likely to be bad, causing stocks to fall and USD to inch higher.
However, if the data is not as bad as forecasted, we might see a temporary rally in stock prices and a fall in the USD.
My objective is to
1. Short after bat is completed
2. Buy the breakout of point B a.k.a BAMM
Shall monitor the charts and determine which way to trade in the next 2 days.
Whether this pattern completes has to depend on the NFP data tomorrow.
It is likely to be bad, causing stocks to fall and USD to inch higher.
However, if the data is not as bad as forecasted, we might see a temporary rally in stock prices and a fall in the USD.
My objective is to
1. Short after bat is completed
2. Buy the breakout of point B a.k.a BAMM
Shall monitor the charts and determine which way to trade in the next 2 days.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.