Yet another Bearish Bat pattern forming on the Daily Charts of AUD/USD pair. The features and confluence observed so far make this one worth waiting for for me. The point D is confluence cluster of several fibonacci retrace and projection levels. For more details of my analysis and my personal trade plan for this setup, please feel free to view my blog post on this particular setup at: simplychartpatterns.wordpress.com/2012/11/11/bearish-bat-pattern-forming-on-audusd-daily-chart/
Comments
kschiangb6
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This one is still progressing on track to reach the Potential Reversal Zone close to Point D.