Two advanced patterns to that will help identify shorting opportunities.
Plenty of structure looking left. A conservative entry would be the larger cypher pattern with entry at 0.73241.
Risk Rewardis slightly greater than 1 to 1 for initial targets.
I'd be looking to divide the trade into 3 contracts.
Still very bearish on AUDUSD so I would leave one contract for extended targets down around the 61-62 area.
Cheers
Plenty of structure looking left. A conservative entry would be the larger cypher pattern with entry at 0.73241.
Risk Rewardis slightly greater than 1 to 1 for initial targets.
I'd be looking to divide the trade into 3 contracts.
Still very bearish on AUDUSD so I would leave one contract for extended targets down around the 61-62 area.
Cheers
