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AdamHong
Nov 30, 2016 12:51 PM

AUDUSD:Will the Bullish Bat Pattern Work? Long

Australian Dollar/U.S. DollarFXCM

Description

The bearish AB=CD pattern is working now and the bullish bat pattern is completing.
Maybe it is just a short-term plan.
The bullish Bat pattern completes at 0.744 level and the 1.618EXT of AB is at the same level.
So it is good to buy at 0.743-0.744 levels when price action gives signals in the PRZ.
SL:below 0.743
TP1:0.746
TP2:0.748 and further more

Trade active

Trade closed: stop reached

Comment

The bat failed.
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