joelduque

2018Jun01 AUDUSD H1 Possible Bullish Bat

Long
joelduque Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
There is a a possible bullish bat for AUDUSD. Upon D completion at 0.74894 (88.6 of XA) and confirmation of a bullish bias, I will go long. Stop loss is just below point X. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. Tentative details are as follows:

Trade Setup: Possible Bullish Bat
Price Entry 0.74894
SL 0.74711 | SL pips 18.3
TP1 0.75290 | TP1 pips 39.6
TP2 0.75535 | TP2 pips 64.1
TP3 0.75931 | TP3 pips 103.7
RRR1 2.16 | RRR2 3.50 | RRR3 5.67
Comment:
The setup is invalidated with a new swing high.
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