TradeYodha
Short

#AUDUSD Bat Pattern Short Idea (Bat, Fib, Structure)

FX:AUDUSD   Australian Dollar / U.S. Dollar
@TradeYodha (TradeYodha.com)

#AUDUSD Bat Pattern (Bat, Fib, Structure)

Lower confidence level as the area around B point itself can be a huge resistance area .

1. Bat Pattern
2. Previous structure retest
3. Round number 0.78000 in the lower zone
4. 200SMA is close to the zone
5. Daily Time Frame has 50SMA in the zone
6. Fibonacci cluster in the zone

Wait for confirmation in the zone

I would love to hear your opinion, feel free to agree or disagree in your comments.

Please give it a thumsup if it makes sense.

Update: Perfect entry
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what do you think?
snapshot
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TradeYodha PRO KevinSinghDhaliwal
there is possible daily support there. I would suggest to wait and take an entry only on confirmation on lower time frame
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okay thanks
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