I've been waiting patiently for AUDUSD to pullback into an area where I can get a good R:R Trend Continuation Trade out of it. It has formed a Bat Pattern which allows me to place sell orders at very good level. I will be trading 2 targets on this trade and will trail stops on the 2nd position.
On the Daily chart, price has been channeling between Support and Resistance for quite some time now. It has recently come off of the Resistance Zone and is hopefully on its way down to the daily support level.
On the Daily chart, price has been channeling between Support and Resistance for quite some time now. It has recently come off of the Resistance Zone and is hopefully on its way down to the daily support level.