AUDUSD: Two setups in either direction

We have two potential setups on AUDUSD. Should price retrace towards the 0.7207 region, we can potentially look for a short setup.

Should price continue to fall towards the 0.6985 region, we have a potential Bat pattern setting up.

Trade ist aktiv:

Bearish Structure trade is currently active.

Kommentar:

Those who missed it, we have a double top divergence on H1 as well.