Short

AUDUSD - BEARISH BAT WITH DOUBLE TOP COMPLETION

The 3rd pair we reviewed in this weekend's video was the AUDUSD. Last week's long (pullback trade) worked out pretty well for me. However, before getting to targets the market decided to make things a little interesting with some up & down bounces. These bounces set up a new selling opportunity now which available in the form of a bearish bat pattern. And to add even more confirmation to the idea, the market has decided to put in a double top.

Now as I mentioned earlier I'm still long from last week, so I won't be able to partake as my rules are "stick with your original trade" if you watch the video version of this idea, situations like this offer a cool opportunity to use a technique called a "Stop & Reverse" (SAR)

For the video walkthrough of this setup please see my youtube video title "A Lesson on Structural Integrity" around the 14:10 mark

I hope you have a great trading week!

Stay Safe!

Your Trading Coach - Akil

Akil_Stokes

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Akil_Stokes

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