AUDUSD bullish bat pattern
Hi traders,
On the AUDUSD we can see a potential bullish bat pattern forming. Entry and completion at point D. Normally the point D would be the 88.6% FIbonacci retracement of the XA leg, but I've put it down a bit. This way I can put the stop below the December 24 low and still have a nice R:RR.
Entry: 0.71660
Stop: 0.71498
Target: 0.71984 = R:RR 2
On the AUDUSD we can see a potential bullish bat pattern forming. Entry and completion at point D. Normally the point D would be the 88.6% FIbonacci retracement of the XA leg, but I've put it down a bit. This way I can put the stop below the December 24 low and still have a nice R:RR.
Entry: 0.71660
Stop: 0.71498
Target: 0.71984 = R:RR 2
Order cancelled
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.
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.