FX:AUDUSD   Australian Dollar / U.S. Dollar
1410 21 26
AUD/USD             - 1h Chart - Bat Pattern

Bat Pattern - D leg completion at 0.7168 - Bearish Pattern

Price has broken above the B leg resistance level and is now making a strong move towards the D leg completion of the Bat Pattern .
As there is no strong resistance level approaching it is more than likely we will get a completion of this Bat Pattern in the coming hours.

Although advanced and harmonic patterns are based purely of price action, we always should be cognizant of the Aussie data which will be released at 02:30 Sep 15 GMT             .

Potential targets are placed at the .382% and .618% retracement of the C to D move.
Stop loss has been placed above X leg structure resistance .

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Very nice Tom!
+1 Reply
Thanks very much.
+1 Reply
mkdeep04 TomHall
nice /8grtjy#
+1 Reply
Nice ! I was in this one too!! https://www.tradingview.com/chart/AUDUSD/xfqSetxm-A-Very-NICE-setup-AUDUSD/#tc231273
+1 Reply
Nice setup!
Reply
nice trade.
+1 Reply
Thank you :-)
+1 Reply
I like your analysis!
+1 Reply
TomHall TOP savvyacademy
Thanks very much.
Reply
It just took my stop out on my bearish Cypher pattern, but i got pending orders on this one too, i hope it will contain price and make the reversal we need. Nice chart!
snapshot
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