AUDJPY - Bearish Bat Pattern on H4
RBA interest rate decision will be announced in about 2 hours, keep a lookout for this pair.
If i/r maintains or increase, AUD/JPY will probably rise.
There are no other announcements at that time to cause indecision for the market, except for the RBA Rate Statement.
PRZ is tight at 22 pips, good risk to reward at 2.3 (TP1) and 4 (TP2) respectively.
I will update when pattern completes.
If i/r maintains or increase, AUD/JPY will probably rise.
There are no other announcements at that time to cause indecision for the market, except for the RBA Rate Statement.
PRZ is tight at 22 pips, good risk to reward at 2.3 (TP1) and 4 (TP2) respectively.
I will update when pattern completes.
Note
Price has entered the PRZ, one more point to hit.Note
If you're still in the trade, you will be profiting about 60 pips now.
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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.
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.