AUDCHF Crab Pattern Formation and Short Opportunity
Description: Today’s Aussie employement figures data triggered the AUD Bullish Move. AUDCHF set to complete a Bearish Crab formation on H1 Chart. Potential minor retracement opportunity at D.
THE PATTERN: Bearish Crab
TRADE PERIOD: INTRADAY
AREA OF THE ENTRY: 0.73700 – 0.73750
STOP: ABOVE 0.7390
TARGET 1: 0.73450
TARGET 2: 0.73300
NOTE: Traders who want to use the long opportunity before short trade; we have a bearish alt bat pattern completed already and price may pullback towards 0.73000 – 0.72900. Enter Long at potential pullback towards 0.73000 with stop 0.72700 targeting 0.73700.
You can view the setup: AUDJPY Crab Formation
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