If you have the thought that NZDUSD and AUDUSD move exactly the same, this chart will prove you wrong.
On the Daily chart, the candle has broken and closed above Point B, that increase the probability of the Bearish Bat Pattern completion.
It is a dream of many Harmonic Pattern trader to buy at Point C and Sell at Point D. However, one shouldn't do that if one has not tested the setup or have a viable trading strategy to manage such trade.
On the 1-hourly chart(right), there is a Bullish Bat Pattern setup within the buy zone. Having this pattern form and setup will not violate the Bearish Bat Pattern on its higher timeframe.
I'm waiting to long on this Bat Pattern at 0.7400.
On the Daily chart, the candle has broken and closed above Point B, that increase the probability of the Bearish Bat Pattern completion.
It is a dream of many Harmonic Pattern trader to buy at Point C and Sell at Point D. However, one shouldn't do that if one has not tested the setup or have a viable trading strategy to manage such trade.
On the 1-hourly chart(right), there is a Bullish Bat Pattern setup within the buy zone. Having this pattern form and setup will not violate the Bearish Bat Pattern on its higher timeframe.
I'm waiting to long on this Bat Pattern at 0.7400.
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Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
www.tiktok.com/@raynlim
