AUDUSD 1HR - BAT PATTERN OPPORTUNITY - ADVANCED PATTERN
Updated
Hi Traders, I have been watching this pair after we hit the targets for the previous Gartley Pattern. Even though I don't trade this pair or Gartley it still hit the targets as intended. I have taken this time to perform some more analysis.
Late yesterday I also noticed a Descending Bullish Flag pattern and appears it has well and truly paid off for anyone who trades Flag Patterns.
This pair is showing some good signs of price continuing to the upside. If I were looking for the next potential Short opportunity, I would certainly take this BAT Pattern.
We have a break in structure, then some Fib Confluence, being the 88.6% Bat entry and also structure at this level looking left. There is a structure point. And also a 1.618 Fib Ext
This would be great R:R on this trade, and anyone taking shorts at the lower structure I didnt find many reasons for a price reversal.
Hope this helps, and good luck
As always Entry Zone targets and stops on screen - if anything else shows before the entry level is hit I will post in comments, we may see price drop then climb again and possibly another AB=CD Completion at this Entry zone
Pattern will be invalid if we fall below A Leg or Break beyond X whichever comes first.
Late yesterday I also noticed a Descending Bullish Flag pattern and appears it has well and truly paid off for anyone who trades Flag Patterns.
This pair is showing some good signs of price continuing to the upside. If I were looking for the next potential Short opportunity, I would certainly take this BAT Pattern.
We have a break in structure, then some Fib Confluence, being the 88.6% Bat entry and also structure at this level looking left. There is a structure point. And also a 1.618 Fib Ext
This would be great R:R on this trade, and anyone taking shorts at the lower structure I didnt find many reasons for a price reversal.
Hope this helps, and good luck
As always Entry Zone targets and stops on screen - if anything else shows before the entry level is hit I will post in comments, we may see price drop then climb again and possibly another AB=CD Completion at this Entry zone
Pattern will be invalid if we fall below A Leg or Break beyond X whichever comes first.
Note
Well done for those who took this pattern. Seems TP1 has been hit. +37Note
Looks like that hit target 2 - as we see the USD gain in strength many pairs falling
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.