Protraders Stack Trade: AUDUSD BatThis is an interesting setup and trade plan for me. Right now on the 1-hourly chart, it presents a bearish bat setup. I will have to wait for market confirmation to engage this trade as there is a couple of level of resistance above the sell zone and when this combo with the market consolidation, there is a possibility that the market may break and close above the bat pattern.
I'm heading for a short and extend to a lower level for a shark pattern setup on the 4-hourly chart.
From the shark pattern, I'm waiting to buy up to the previous structure high on the daily chart a retest of resistance of existing double bottom.
Confused? Just stick with your trade plan, a bearish bat setup is good enough
