11021992
Short

AUDUSD bat pattern with trendline

FX:AUDUSD   Australian Dollar/U.S. Dollar
195 0 10
Hi traders,

On the daily AUDUSD             chart there is a potential bearish bat pattern forming. This pattern is completed around 0.776.
Entry: 0.776
Stop: 0.7895
Target 1: 0.75111 = R:RR 1.87
Target 2: 0.73596 = R:RR 3

Will keep this updated as time progresses.
Best of luck!
Order cancelled: Removing this entry for now. Will wait and see what the FOMC meeting brings.
Comment: Pattern still valid. Entry is back on.
Trade active
Comment: Target 1 hit. Moving the entry second position to 0.776.
The trendline between the swing low of May to the swing low of late July has been broken, so it's very likely to see some more bearish movement.
Comment: We hit the trendline again, let's see if price reverses again.
Another Forex Weekly Outlook has been released for this week [17 september - 23 september]


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