Bearish bat on AUDUSD approved by stoch and bear flag pattern
Hi pros!!
after forming the bearish bat and beginning the reaction to it price broke the bear flag
the plan is to enter in lower time frame and aim for at least the first or second level.
after forming the bearish bat and beginning the reaction to it price broke the bear flag
the plan is to enter in lower time frame and aim for at least the first or second level.
Trade active
inside bar about to break down outside of the bear flagput a tight SL (ideally just above the candle which brokes the flag)
Note
sl at 60 (round number) , is enough because it's a 1:2 for first target and let price fluctuate without hitting sl obligatoryNote
Almost hit first target , take halfTrade active
reshort is possible from hereOrder cancelled
because usdjpy is bearish, took the resting profit
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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.