J_Graystone

AUDUSD Bat Pattern Short 60 min

FX:AUDUSD   Australian Dollar / U.S. Dollar
536 1 13
After hitting my initial target then rallying up to stop m out at break even, im looking for a reason to reload on this pair.

As you can see the market is putting in a BATpattern which may complete up at 7194. a good reason to get involved in the longer term move. We could see a trend reversal here though as price action has just put in higher low and an break and close above previous structure.

For those looking to get involved long, you could wait for the BAT to complete, retrace to the 382 which as you can see sits right at that nice level of previous structure which could then become support for a move to the upside.

Good Luck in the markets
That was a quick recovery on this pair. Good to see you were able to get yours and get out
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