FxCanli
Short

AUDUSD / 1 HR / BAT PATTERN / SHORT

FX:AUDUSD   Australian Dollar / U.S. Dollar
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AUDUSD             / 1HR / BAT PATTERN / SHORT OPPORTUNITY

Here is a BAT Pattern at AUDUSD            

BAT PATTERN

PAIR: AUDUSD            

TIME-FRAME: 1HR

TRADE: BAT PATTERN

Waiting for a SHORT opportunity on the
AUDUSD             1 Hour time frame.

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BAT PATTERN ;

Once you identify your anchor leg draw your fib retracement from your X leg to your A leg.
Your B leg should touch the .50 retracement but should not touch the .618.
Now that you have your B leg, draw a fib retracment from A to B.
Your C leg should touch the 0.382 but should not touch the A.
Now that you have your B leg draw, a fib retracement from X to A
Finally draw a fib extension from A to B and back in.
Your D leg should come in at the 0.886
For the Bat Pattern , draw your targets from A to D.
Your targets should be at the .382 and the .618.
At here I put my stops at least 1:1 with first target.
Also, once you hit target 1, roll your stops to break even.
Once you do that you are in a risk free trade. That's all there is to it.


DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques,
you should do your own due diligence and not take this information as a trade signal.
Comment: Trade Active
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