AUDJPY, Weekly, potential Bat pattern
It's still a way down to the fact that we have a complete Bat pattern here but what one can draw from this conclusion is that we are in a clear downtrend where the Bat pattern's "regular" magnet down to the D point, after we got a closing under B, also helps.
In a lower (time resolution) perspective, you can use this to take trades in the right underlying direction - ie. downwards.
The pattern may be more of a use for "placement traders" but I use it as a travel direction ni my daytrades.
In a lower (time resolution) perspective, you can use this to take trades in the right underlying direction - ie. downwards.
The pattern may be more of a use for "placement traders" but I use it as a travel direction ni my daytrades.
Henrik Siverhall
SMC Trading
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SMC Trading
Är du intresserad av vårt mentorskap - "Basic" och "Avancerad" mentoring.
smctrading.se
Sveriges största FB grupp för nybörjare
bit.ly/ptse-fb-basic
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