Fxprotrader

AUDUSD High Probability Bullish Bat Pattern

Long
Fxprotrader Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Price has broken above a long term valid slope slide parallel, and is now pulling back most likely to test it. If it does, we will have the completion of a bullish bat pattern which offers a great risk/reward ratio in case we aim for the median line of the smaller upsloping pitchfork. Sl & tp as shown at the chart. If price reaches the first tp we move sl at breakeve at 2nd position.
Order cancelled:
Altough price has reached the entry point of the pattern, i am interested taking this trade, as pricehas broken below the red support line, and the formation of the bat is no longer valid.
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