I'm already short AUD based on my previous AUD/USD idea.
This bat however is not yet complete but we also have 9 bullish candles...
So either we go down already for a retracement now or we go further up to complete this bat, which could mean that the AUDUSD short might fail...
Anyway, the patterns are both valid and if my AUD/USD short fails then I will surely enter short from this one!
And it is of course another pair...
As said in my previous idea, 9 daily bullish candles are quite alot already, 10-11 is quite rare but not impossible of course!
Keep in mind that a possible starting new trend might be very strong and so situations that are usually rare might turn out not be so rare anymore... So choose your position size wisely and don't overdo the AUD short!
This bat however is not yet complete but we also have 9 bullish candles...
So either we go down already for a retracement now or we go further up to complete this bat, which could mean that the AUDUSD short might fail...
Anyway, the patterns are both valid and if my AUD/USD short fails then I will surely enter short from this one!
And it is of course another pair...
As said in my previous idea, 9 daily bullish candles are quite alot already, 10-11 is quite rare but not impossible of course!
Keep in mind that a possible starting new trend might be very strong and so situations that are usually rare might turn out not be so rare anymore... So choose your position size wisely and don't overdo the AUD short!
