Oztrade
Short

AUDUSD - POTENTIAL BEAR BAT BEAR GARTLEY - ADVANCED PATTERN

FX:AUDUSD   Australian Dollar/U.S. Dollar
91 0 4
Hi Traders, I wanted to share this early in case we go past the B leg and I dont have time to share with you, here we see 2 potential opportunities for shorting AUDUSD             .

I have also posted the Bullish Bat Pattern last week so if we continue downwards we would look to enter the Bull Bat .

As always color coded for easy reference.

Gartley Blue
Bat Pink

Entries for each - Green with the PRZ marked

Gartley PRZ between 1.272% Fibonacci Extension A to B move and 78.6% Retrace from the X to A move providing us with the PRZ

Stops Red for each pattern - this is the minimum stop level.
Stops moved down when T 1 is obtained

Targets - T1 and T2 as always STD - 38.2% and 61.8% Retrace from the A to D move
Targets to be adjusted on D completion

Also check your R:R on the Gartley you may find another reason for entry as this is inverse rick reward 0.96% but if this meets your rules then by all means take the trade aggressive at the PRZ

Good luck and happy trading
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