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KarYong
Apr 12, 2015 1:08 PM

AUDUSD: Potential Bat Pattern Short

Australian Dollar/U.S. DollarFXCM

Description

Current Sentiment: Bearish

Pending Technical Score (PTS)

Direction with trend: +2
SnR Confluence: +2
Trendline Confluence: 0
Harmonic Confluence: 0

Total: 4/8

Place pending orders.

As we have a confluence of structure at our B point, a break of this can give us a decent opportunity to long the market towards the completion of the Bat pattern.

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

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KY
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