Here on the daily chart of AUD/NZD we have a nice Bat Pattern setup. D leg completion at 1.037 giving us a nice reversal zone at previous structure support.
At 1.028 we also have a small support shelf for potential stops to go below.
We must see a completion at D leg before any long entry is triggered.
- SL must go above X - Target 1 at 38.2% retracement - Target 2 at 61.8% retracement