H1 Potential Bear Bat Pattern
A potential bear bat forming on the H1 AUDUSD
Targets 1: 38.2 FIB A-D
Target 2: 61.8 FIB A-D
Targets 1: 38.2 FIB A-D
Target 2: 61.8 FIB A-D
Trade active
Quite a clean formation of the bear bat pattern and hit target 1 with relative ease.Move my SL on the rest of my position to break even and this is a risk free trade now with targets still at the 61.8 FIB
Trade closed: stop reached
Didn't quite make it to target 2 and the trade closed at breakeven for the rest of my position.
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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.