FX:AUDUSD   Australian Dollar/U.S. Dollar
AUD/USD - H1 Chart - Bat Pattern

Here on the H1 chart of AUD/USD             we have a nice Bat Pattern setup.
With the D leg completion at .7988 we have a nice reversal zone at previous support, thus giving us a great opportunity to place stops just underneath.

We must see a completion at D leg before any long entry is triggered.

- SL must go below X
- Target 1 at 38.2% retracement
- Target 2 at 61.8% retracement

Good luck.
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NIce trigger man. Looks like this has trigger a long here. at 7988.
+1 Reply
TomHall TOP davidmysterfx
It has been triggered.
We could still see a move lower, but i think stops are in a good position,
If it surpasses that previous support i am no longer interested in the trade and i will be out.
Reply
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