AUDNZD waiting for completion of a bearish Bat Pattern
Entry point at 88,6% Fibo of XA leg confirmed by a trend line and 200 SMA (15 min chart)
SL at 113% Fibo of XA leg
TP at 61,8% Fibo of AD confirmed by previous structure or more (trading with the trend)
Perfect ABCD
This is a trade that goes with the trend, but there's a chance that the prices will consolidate or even go up, because the market has reached a previous structure level (seen on 4H chart)
SL at 113% Fibo of XA leg
TP at 61,8% Fibo of AD confirmed by previous structure or more (trading with the trend)
Perfect ABCD
This is a trade that goes with the trend, but there's a chance that the prices will consolidate or even go up, because the market has reached a previous structure level (seen on 4H chart)
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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.