AUDUSD: Several confluence in the zone

FX:AUDUSD   Australian Dollar / U.S. Dollar
We have two advanced pattern forming, at the same time a structure zone as well as an upward trend line .

With all this inline, we might potentially see price bounce back up to 0.7785 level or even higher towards the 0.7840 region.

A break below all these confluences will however confirmed that the bearish trend is still very much intact.

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


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the completion of a bat pattern is connected with the trend line support breakout. This breakout may turn the bat into a loser. On the other hand, if we don't have price breaking the support trendline, then the Bat pattern will never be completed. Avoiding patterns, the completion of wich is connected with support/resistance breakouts will make you more profitable. Know your edge and act accordingly taking only the best opportunities)
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