Potentially great trade setup on AUD/USD if the market manages to make a move into our "killzone". I am selling at the approximately 61.8 retracement of the larger move or the 88.6 of the more recent move which would make it a Bat Pattern if we get a little retracement and then a move back up into the "killzone". Either way you look at it, this is a great trade setup with a R/R of 2.65 or higher depending on how aggressive or conservative you are with your stop loss placement. The 1.27% extension which is our profit taking level completes at the next support level of 0.67910 for added comfort.
Always trade with samurai type precision and KISS (Keep it super simple)
Happy trading
Always trade with samurai type precision and KISS (Keep it super simple)
Happy trading
