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Akil_Stokes
May 24, 2017 9:39 PM

AUDUSD: Advanced Pattern Formation #2 (Bearish Bat Formation)  Short

Australian Dollar/U.S. DollarFXCM

Description

Coming off a beautiful Cypher Formation & a day full of Dollar Weakness thanks to the FOMC Minutes Release, We now have a bearish Bat Formation that has completed offering traders who aren't concerned about going against the grain an opportunity to get short and potentially catch a portion of the correction.

NEWS - 5.24 at 10pm (NY) NZD Annual Budget Release.

Akil
Comments
BUGIg
That was so exact man. simply amazing Bro!
Akil_Stokes
@FXBUGI, Thank you. Every once in a while the market throws what I call a pain free trade your way
ksnraoaug
Excellent technical analysis Akil. Keep it up.
Akil_Stokes
@ksnraoaug, Thank you
BORDOMAVI
Exact hit. Congratulations
Akil_Stokes
@BORDOMAVI, Thank you
Elektro-Analysis
Nice one, thanks for sharing.
Akil_Stokes
@caveset, Thanks
teddyrucks
Where is your area of TP?
Akil_Stokes
@teddyrucks, The 38.2 & 61.8 fibonacci retracement levels
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