AUDCAD reason to long: BAT + structure
A Bat pattern is completing on AUDCAD. Moreover the profit of the pattern is set around a previous structure.
Looking left you can see that that a previous structure high has been violated with a new structure high but then the previous structure low has been broken by the formation of the CD leg of the BAT.
The risk/reward is very good.
SETUP
-------------------
Entry long @ 0.9508
Stop Loss @ 0.9491
Take Profit @ 9540
Looking left you can see that that a previous structure high has been violated with a new structure high but then the previous structure low has been broken by the formation of the CD leg of the BAT.
The risk/reward is very good.
SETUP
-------------------
Entry long @ 0.9508
Stop Loss @ 0.9491
Take Profit @ 9540
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