Bat Pattern from this mornings vision week training

FX:EURAUD   Euro / Australian Dollar
Here's another look at the structure based trade that also happened to be a bearish bat pattern that we looked at during this mornings presentation.

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i may be wrong but a i can see bat on USDCHF ON 4HR & D. but usd charts are going through the ceiling.
Hey traders just be AWARE of a lot of Aussie news tonight Retail Sales, Trade Balance, Cash Rate and RBZ Rate Statement.
+1 Reply
IvanLabrie Akil_Stokes
Akil, what news feed do you reccomend? and what to focus on? Interest rates, fed fomc stuff...anything else?

I'm waiting for a solid close below (bar outside that price, no touches) the highest low at 1.4366 to get in. ;)
+1 Reply
Akil_Stokes IvanLabrie
I'll use Forexfactory.com to see what news events are out, http://www.forexlive.com is an excellent source as well. For the news events it depends on whats going on, but I rarely trade AUD & NZD news since there's so low liquidity in the markets when they are released. In general, I tend to be alert to FOMC, ECB, Interest rate decisions and Non Farm. Those are ones that I will play the sideline and observe before continuing to trade
+2 Reply
IvanLabrie Akil_Stokes
Excellent thanks a lot Akil! Btw, did you see how the next bar double topped near the close? I'm waiting for my sell stop at 1.4367 to trigger...you taking this one?
Akil_Stokes IvanLabrie
No, I did not get involved in this one. Did catch a nice winner on AUDUSD though
+2 Reply
IvanLabrie Akil_Stokes
It ended up playing nicely.
+1 Reply
imbhk Akil_Stokes
blast, aussie new low !
+1 Reply
Akil what rule do you follow to identfy C? For me it had to be at least .618 of AB.
+1 Reply
I require a minimum of 38.2
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