TomHall
Long

AUD.USD - Bullish Bat Setup - .7326

FX:AUDUSD   Australian Dollar/U.S. Dollar
4 months ago
On the AUD.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.

The price reversal zone on this pair is between .7326 & .7311
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at .7426
Stop loss would be placed below X leg structure support .

Target 1 - .7371
Target 2 - .7398
4 months ago
Comment: PLEASE NOTE:

Aslong as price doesn't exceed A leg the setup is still valid.
4 months ago
Order cancelled
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dawid2830
4 months ago
snapshot
+3 Reply
TomHall TOP dawid2830
4 months ago
@dawid2830, Great setup, nice chart.
Reply
Aetherial
4 months ago
You recommend opening buy positions at the completion of D leg; but what about sell positions now targeting that D leg price as TP?
+1 Reply
TomHall TOP Aetherial
4 months ago
@Aetherial, Hi, I personally wouldn't look to take a position unless it reaches the D leg, there is no guarantee it will get down there so i wouldn't look to sell it.
+1 Reply
Aetherial TomHall
4 months ago
@TomHall, Understood. Thanks for clearing it up, Tom. Forgive me if I'm asking stupid or tedious questions, I'm quite new to forex. :)
+1 Reply
TomHall TOP Aetherial
4 months ago
@Aetherial, It's no problem at all, if you have questions in future don't hesitate to comment.
+1 Reply
FarhadKurbanov
4 months ago
ab=cd?
+1 Reply
TomHall TOP FarhadKurbanov
4 months ago
@FarhadKurbanov, How do you mean sorry?
Do you mean is there one, or is there going to be one in the future?
Reply
FarhadKurbanov TomHall
4 months ago
@TomHall, http://invst.ly/2tz5r how do you think? i just started to study garmonik
+1 Reply
TomHall TOP FarhadKurbanov
4 months ago
@FarhadKurbanov, I like it, very nice simple setup.
+1 Reply
FarhadKurbanov TomHall
4 months ago
@TomHall, i have a question. what part of candle must touch the fibo level ? the body or tale? thank u
Reply
TomHall TOP FarhadKurbanov
4 months ago
@FarhadKurbanov, That is something i can't help on, not because i don't want to distribute the information but that rule would all depend on your backtesting results.
+1 Reply
TomHall TOP FarhadKurbanov
4 months ago
@FarhadKurbanov, Learn to trade the Bat Setup

How To Trade The Bat Pattern.
+1 Reply
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