GBPAUD Potential Bat Pattern Daily TF
Hello Traders!!!
Its been a while since ive posted lol
We have the completion of the pattern lining up nicely with a strong support level @1.59000. The AB=CD pattern inside the pattern is almost completed once price reaches 1.611+ which is lined up perfectly with the .886% fib level. Now that price broke the 1.618% of the BC projection to the downside, im looking for price to continue bearish and begin to consolidate and lose momentum as we get to our target areas.
Ideally, i want to see price push to 1.60000 and see price test that level of support.
Its been a while since ive posted lol
We have the completion of the pattern lining up nicely with a strong support level @1.59000. The AB=CD pattern inside the pattern is almost completed once price reaches 1.611+ which is lined up perfectly with the .886% fib level. Now that price broke the 1.618% of the BC projection to the downside, im looking for price to continue bearish and begin to consolidate and lose momentum as we get to our target areas.
Ideally, i want to see price push to 1.60000 and see price test that level of support.
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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.