trutt79

(MP60) A Bullish Bat on AUDUSD 60min

Long
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
A bullish Bat has form up on the 1 hour chart for entry.
Usual rules for Bats are Entry on 88.6% and stop below point X.
(I try to place stops from 5 to 8 pips typically trading 1 hour chart.)
i'd look to exit on 32.8% fully as AUDUSD is bearish short term.
You can skip the trade if you feel uncomfortable, but I try not
to cherry pick.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.