Bearish Bat on Daily structure
Updated
Hey traders,
if you missed the chance to short AUDUSD friday (as i suggested) you can try another time in the near future.
As you can see price almost completed a Bat formation, right at that level we knwo we want to get short. Our view is confirmed also by the break of the double top to the downside that created new structure low and thus indicating a bearish rotation.
You can take this pattern as a trend continuation pattern (therefore with target1 at the retest of the lows) or you can take it as a standard pattern (with usual targets).
I'm getting the standard setup.
Stop above X.
If you have any question or remark, fill the comment section below.
Otherwise, see you in the next chart!
if you missed the chance to short AUDUSD friday (as i suggested) you can try another time in the near future.
As you can see price almost completed a Bat formation, right at that level we knwo we want to get short. Our view is confirmed also by the break of the double top to the downside that created new structure low and thus indicating a bearish rotation.
You can take this pattern as a trend continuation pattern (therefore with target1 at the retest of the lows) or you can take it as a standard pattern (with usual targets).
I'm getting the standard setup.
Stop above X.
If you have any question or remark, fill the comment section below.
Otherwise, see you in the next chart!
Trade active
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