A bearish bat pattern appears to be completing.
R:R at 1.2 (TP1) and 2.1 (TP2).
Take note of tomorrow's news for aussie's employment change, unemployment rate and China's industrial production.
These factors may cause some volatility so trade with caution.
I will update if pattern completes.
R:R at 1.2 (TP1) and 2.1 (TP2).
Take note of tomorrow's news for aussie's employment change, unemployment rate and China's industrial production.
These factors may cause some volatility so trade with caution.
I will update if pattern completes.
Note
Pattern has completed and using multiple time frame analysis, we have RSI declining from overbought level and back to PRZ. Good time to short.Note
Trade closed: stop reached
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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.