RedStaR
Short

AUD/USD: Bearish Bat Pattern Complete

FX:AUDUSD   Australian Dollar / U.S. Dollar
604 2 2
AUD/USD             looks bearish now as a bearish bat pattern just completed.

Targets to take profit are the four Fibonacci levels.

Scale your positions accordingly.

If I had to bet, the 61.8% (0.9130) level seems most likely.
@RedStaR Can you tell me what's the stop loss on this current trade ? .. Is it stlil active ?
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RedStaR anish_206
You probably meant the target to take profit?

Anway, Stop loss was just above the resistance line at 0.95775

Targets to take profit are all four Fibonacci levels, with 0.382 and 0.618 giving the best odds.

So far only 0.382 has been hit, depending on the current US government situation, we might see the Dollar either plummet further down, or continue rallying up breaking resistance.
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