A bullish Bat pattern is completing on AUDUSD on hourly timeframe.
There is a major structure that works as a support on the left of the chart. It has to be considered when setting the stop loss of the trade.
Thant's why I've changed the entry point to make it more profitable.
SETUP (slightly customized to change the risk/reward ratio)
------------------------------------------------
Entry long @ 0.7645
Stop Loss @ 0.7596
Take Profit @ 0.7701
There is a major structure that works as a support on the left of the chart. It has to be considered when setting the stop loss of the trade.
Thant's why I've changed the entry point to make it more profitable.
SETUP (slightly customized to change the risk/reward ratio)
------------------------------------------------
Entry long @ 0.7645
Stop Loss @ 0.7596
Take Profit @ 0.7701
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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.
Ricevi gratuitamente gli studi sui Pattern Armonici e di Analisi Tecnica ogni settimana sui mercati finanziari. Iscriviti qui: goo.gl/JIhOHJ
Instagram: instagram.com/the10mintrader/
Facebook: facebook.com/The10MinTrader/
Instagram: instagram.com/the10mintrader/
Facebook: facebook.com/The10MinTrader/
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.