Interesting Double Bat Pattern Formation. It looks like we have a big trading range at the bottom of a large downtrend in AUD/NZD. We have had a nice Bat pattern and it looks like there will be another one. But I do not think that the exact same thing will happen again with this second BAT. Therefore we should be prepared for an early up turn perhaps even before the .786 or a total failure. So we could put the stop a bit below the .886.
Comments
Night_Trader
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Unfortunately the move happened without reaching the entry price. From here this trade idea it is invalid now.