On the daily AUDUSD chart there is a potential bearish bat pattern forming. This pattern is completed around 0.776. Entry: 0.776 Stop: 0.7895 Target 1: 0.75111 = R:RR 1.87 Target 2: 0.73596 = R:RR 3
Will keep this updated as time progresses. Best of luck!
Order cancelled
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Removing this entry for now. Will wait and see what the FOMC meeting brings.
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Pattern still valid. Entry is back on.
Trade active
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Target 1 hit. Moving the entry second position to 0.776. The trendline between the swing low of May to the swing low of late July has been broken, so it's very likely to see some more bearish movement.
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We hit the trendline again, let's see if price reverses again.