Akil_Stokes
Short

AUDCAD Hourly: Advanced Bat Formation testing Previous Structure

FX:AUDCAD   Australian Dollar/Canadian Dollar
We have a potential Advanced Bat Formation forming on the hourly that comes in at a previous level of structure support that may now act as resistance.

Akil Stokes
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haha Akil never sleeps :P thanks
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hi akil this is invalid pattern cuz the C point exceed the A point .. am i right?

+1 Reply
Akil_Stokes PRO faisalhasnoon
yes if your C exceeds A then it is invalid
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Akil_Stokes PRO faisalhasnoon
I does not on my data, but AUD data is where you see the biggest differences between brokers, so make sure you trade what you see
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ok thanks akil i always trade what i see in trading view, thanks a lot
+1 Reply
Akil_Stokes PRO faisalhasnoon
Well done, consistency is the key
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I love Bat patterns, i´m waiting on this a well. I´ve had 4 of these turn on a dime within 2-3 pips on the PRZ this past 3 days. But sometimes news is a love hate relationship heh AUD been good to us this week good this week
snapshot
+1 Reply
Akil_Stokes PRO ThomasJeff_DCM
Yeah aussie news in that thin asia session can be very dangerous
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Another beautiful trade!

Any suggestion on AUD/USD?
+1 Reply
I haven't done my top down analysis this morning yet, but if I remember correctly (as of yesterday) the only potential on AUDUSD would be a structure trade as we run into resistance
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