emiltw
Short

Short AussieDollar, Downside target 0.6910

FX:AUDUSD   Australian Dollar/U.S. Dollar
109 2 3
Small Bat Bearish Pattern spotted at the range of Resistance zone ,
we make Short,
and with the target profit of 0.6910, Stopped level 0.7110
a nice risk to reward ratio for traders.

Can apply 0.6960 as first target profit level.

Happy Trading!
Trade closed: target reached: TP 1 hitted, now downgoing to TP2
shouldnt your c point be at the bottom of the wick?
Reply
emiltw ddp922
Hi, I just follow Scott Carney book of Harmonic Trading, the examples he showed also plot on this type of place only, because we cannot ensure every point that the fibo retrace at the exact level.
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