Nice BAT in BAT pattern w good R/R & multiple reasons to enter
Updated
Sometimes it feels like everything goes well together. This for me is one of those instances.
What we have here is a nice Bullish BAT pattern within another Bullish BAT Pattern with nice trend line support for entry and trend line resistance for targets on AUDUSD.
RSI also going in a nice level. I would still see for nice divergence for a conservative entry.
Expecting an Elliott wave complex correction ABCDE Triangle Pattern after the completion of 5th wave.
Risk reward is > 1.5
Possible Shortterm short Signal after Breakout of trend line support and consolidation.
Entry Type Pending Buy Limit, stops & targets on the chart. Stops can even go below the 4th Wave low Price - 0.1% but it messes up the R/R. Act according to your trading Plan.
What we have here is a nice Bullish BAT pattern within another Bullish BAT Pattern with nice trend line support for entry and trend line resistance for targets on AUDUSD.
RSI also going in a nice level. I would still see for nice divergence for a conservative entry.
Expecting an Elliott wave complex correction ABCDE Triangle Pattern after the completion of 5th wave.
Risk reward is > 1.5
Possible Shortterm short Signal after Breakout of trend line support and consolidation.
Entry Type Pending Buy Limit, stops & targets on the chart. Stops can even go below the 4th Wave low Price - 0.1% but it messes up the R/R. Act according to your trading Plan.
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Pattern & Trades Invalid.
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