AUDUSD bat pattern with trendline
Updated
Hi traders,
On the daily AUDUSD chart there is a potential bearish bat pattern forming. This pattern is completed around 0.776.
Entry: 0.776
Stop: 0.7895
Target 1: 0.75111 = R:RR 1.87
Target 2: 0.73596 = R:RR 3
Will keep this updated as time progresses.
Best of luck!
On the daily AUDUSD chart there is a potential bearish bat pattern forming. This pattern is completed around 0.776.
Entry: 0.776
Stop: 0.7895
Target 1: 0.75111 = R:RR 1.87
Target 2: 0.73596 = R:RR 3
Will keep this updated as time progresses.
Best of luck!
Order cancelled
Removing this entry for now. Will wait and see what the FOMC meeting brings.Note
Pattern still valid. Entry is back on.Trade active
Note
Target 1 hit. Moving the entry second position to 0.776.The trendline between the swing low of May to the swing low of late July has been broken, so it's very likely to see some more bearish movement.
Note
We hit the trendline again, let's see if price reverses again.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.