AUD/CAD Bullish Bat Setup (1Hr)Good Evening Traders,
The completion of the D leg (red tick) should form a bullish bat pattern. The stop has been placed at at X (also a key support level), giving a 3.59 risk to reward. My limit order has been placed at the D leg (0.96133)
First Target - 0.96806
Second Target - 0.97032
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Thanks and Good Luck!
Brightforex
GBP/USD Bullish Cypher Pattern (1Hr)Good Afternoon Traders,
A cypher pattern has completed on the GBP/USD 1Hr TF. The C leg came very close to closing above the 1.414 extension, luckily only wicks formed. My stop has been placed at the X leg, which also ties in with other key support/resistance zones.
First target - 1.23227
Second Target - 1.23678
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Thanks and Good
luck! Ike :)