AUDUSD Bearish Bat Setting Up Within Channel

FX:AUDUSD   Australian Dollar / U.S. Dollar
53 3 1
Currently there is a bearish bat pattern setting up within a rising channel . If you look at the pair from the 4 hour, you will see we had a massive drop off followed by this rising channel . This could be setting up for the next drop lower. We are not really concerned with that, all we are focusing on is the action within the channel. But, could be something to look at later. As price reaches the completion point, look for a price action signal.

Trade Plan
  • Positions: 2 positions (1/2% each for 1% total risk)
  • Entry: .7829
  • Stop: .75
  • TP 1: .7771
  • TP 2: .7735
  • Move all stops to breakeven once TP1 is hit.

We are planning to release our Harmonic Trader Course tomorrow morning. If you would like on the notification list, please sign up here:


All the best to you
+1 Reply
Thanks Mate
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out