MarcusWyatt
Short

Bearish Bat Pattern on AUDUSD

FX:AUDUSD   Australian Dollar / U.S. Dollar
324 1 5
After the rallies we've seen the last week and a half I did not think the Aussie might be slumping again. But hey, it's a bearish harmonic pattern . The long term trend on this pair is still bearish , so I am not going to ignore this pattern.

Currently, I'm riding the Aussie up on Risk on sentiment. But that seems to have stalled at the 0.9042 level.

So there is a high possibility that the pattern will play out.
I like this pattern but I would imagine that it's already played out at this point since you were about half way to the b point?
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