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TheAlcoveFx
Feb 25, 2016 4:29 AM

Potential Bat Pattern AUD/USD H1 Short

Australian Dollar/U.S. DollarFXCM

Description

Hey Traders,

Although the markets have been Directional Lately, AUD/USD is giving us an opportunity to get in short at this Advanced Bat Pattern. Stops Above X and Targets at the 38.2 and 61.8. If we continue to the Downside, It could set up an opportunity for us to get in long with a good R/R if market continues to go higher, we will wait for a pull back and see what opportunities present themselves there.

Like always if you have any questions, comment below, follow us on social media !

Daniel Garnier - Founder of The Alcove Fx
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