BAT FLYING IN ON AUD
Hello, traders, here we have a possible Bat pattern near completion awaiting the D point which is required to validate the pattern. We will look for signs for reversal at the possible reversal zone (PRZ). Stop typically placed above the X point and target 1 at .87000 and target 2 at 0.86150. The PRZ must be monitored for reversal confirmation after seeing how price reacts in this area. Bat patterns can fail and in most cases results in a crab pattern. We will see what happens if this pattern completes.
Traders should not predict the market but react from it. Trade smart don’t gamble!
Traders should not predict the market but react from it. Trade smart don’t gamble!
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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.