OANDA:AUDUSD   Australian Dollar / U.S. Dollar
This is my adaptation on a Bat harmonic and where i expect it to reach. I am currently waiting for a completion of the D point which should show a reversal candle or pattern,currently there is an inverted hammer but to ensure it is a positive reversal i will wait till the close of next candle then i will enter the trade. The current Risk:Reward is acceptable as i believe that it should hit the Take Profit target one at least thus i will be aiming for target one as it is the safer option. I have set the TP below the expected level to ensure it does not fall short by a few pips. The Stop loss is slightly below the D point if/when it is completed.
Jul 25
Comment: D point is still bearish, i need it to push bearish a little more otherwise a trade cannot take place if the reversal happens at the current level
Jul 25
Comment: It has reached another level so looking for a reversal
Jul 31
Trade active: Candles moved very close to a reversal level, a reversal candle was present (Large Bullish). Trade entered at 0.68936 looking to TP at 0.69409
thanks for sharing your work, in the end the market is our true teacher, i'm sure you will enjoy also my work, take a look if you want
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