Could be a nice play. Amazing R:R maybe too good to be true lol. We'll see how this pans out.
This goes along with my bearish outlook on aussie as a whole. X leg starts at an area of good resistance so take that into account when placing stops as it could go all the way up to test the highs.
Just found this really good cyhper. now that prices are lower with the trade still being valid the R:R is insanely good. I'm buy this up.
This looks like a nice setup to play out for a good amount of pips. Let me know your thoughts on this
This is what Ii'm expecting to happen by tomorrow, Now i could be wrong and euro could just fly up. But there's a good chance that if euro breaks below and closes below the 1.079 handle it'll continue down into the 1.06's
This looks really nice to short now, at least in the area highlighted red. My orders for short are placed just below that red area. Then on pattern completion I'm buying up, its about 900 pips away from D leg completion so yeah a long way down.
Looking back at previous / current structure this level is pretty strong / significant. Should be a good place to look for shorts on the breakout.
There isnt much structure to support this trade unless you go wayy back to early 2000's but if you see the same thing playing out on this let me know. I'll be takingto trade.